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Chicago Investor Buys Dallas Apartments
Waterton acquired South Side Flats, a 288-unit community that offers a mix of studio, one- and two-bedroom apartments. The deal marks the company’s third multifamily acquisition in 2017.
Suburban Denver Community Trades for $58M
Weidner Apartment Homes sold the 312-unit property to Phoenix Realty Group. HFF secured $46 million in financing for the sale.
LA Koreatown Community Trades for $9M
Lion Real Estate Group sold Kingsley Tower, a 45-unit apartment building it acquired in 2012 for $4.2 million and then repositioned.
FCP to Provide Financing for Charleston Community
The company is collaborating with White Point Partners and Middle Street Partners on the 275-unit Foundry Point, located in the NoMo neighborhood of Charleston.
CBRE Closes $40M Sale of Phoenix-Area Community
The company represented Baron Properties in the sale of the 240-unit community. The buyer partnership was represented by Mike Dow of Impact Multifamily Advisor.
On the Market: 5 Interesting Listings for the Week of 6/26
This week’s listings include two historic properties in New York: a 1920s-era community on Long Island and a Brooklyn walk-up built in 1910.
CAPREIT Acquires Memphis-Area Apartments
The 430-unit Legacy Crossing comprises one-, two- and three-bedroom affordable apartments ranging from 711 to 1,063 square feet. The company plans on making upgrades to the units.
Security Properties Expands in Seattle
The company acquired a Bellevue, Wash., community for $28 million. The building offers studio, penthouses, one- and two-bedroom units. Madrona Ridge Residential will manage the property.
George Smith Secures $27M for Hollywood Community
Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.
HPI Snags Memphis-Area Community
The 400-unit Annandale Gardens comprises one-, two- and three-bedroom floorplans. This marks the second acquisition of HPI Real Estate Fund V.