Market Rate
Dallas Apartments Receive $11M Fannie Mae Financing
Located in Waco, Texas, the 256-unit residential community received a 10-year Fannie Mae loan with a 30-year amortization schedule. Doughtery Mortgage, a conventional and affordable debt provider headquartered in Minneapolis, secured the financing on behalf of Upper Level Acquisitions II LLC, a Texas-based entity.
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.