Market Rate
Thibeault Development Sells 2 Boston Assets for $39M
Located in the heart of Boston’s Financial District, both assets were converted from office space to multifamily by the seller.
JV Nabs $37M East Bay Value-Add Apartments
Trion Properties and DVO Real Estate plan to modernize the 146-unit property in San Leandro, Calif., which was built in 1967.
2-Community Sale Fetches MGPG $68M
The properties, located in Henderson and North Las Vegas, Nev., comprise 641 units. Both communities feature one-, two- and three-bedroom floor plans with high-end amenities.
Friedman Sells 58-Unit Detroit Community
9501 Iris Manor LLC purchased Iris Manor from Thornton Enterprise LLC. The three-story property features one- and two-bedroom units and is close to Wayne State University and the University of Michigan-Dearborn.
HFO Investment Sells $15M Oregon Community
Mactrust LLC acquired the community for $15.2 million, or $90.719 per unit. The buyer plans to continue making improvements to the property, which is located close to an array of green spaces, retail and schools.
REIT Nabs $57M NC Community
Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.
Robbins Electra Closes Third Atlanta Purchase
The company purchased Oakley Park, a 240-unit residential community for $28.4 million, considerably more than when it last changed hands in 2014.
Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
JLL Brokers Downtown Phoenix Land Sale
Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.