Market Rate
29SC Acquires Jacksonville Riverfront Community
The new owner plans to rebrand the asset and execute a $2 million renovation plan.
GSP Secures $41M Financing for Colorado Acquisition
The loan for the Class A community in Colorado Springs was provided by Walker & Dunlop.
The Siegel Group Grabs Sin City Apartment Community
The property that will be rebranded as Siegel Suite Boulder III marks the company;s third asset on Boulder Highway.
URS Capital Trades 3 Assets, Nabs 3 More
The New York-based company sold three apartment communities in South Carolina and Florida, and plans to invest in upgrading three other assets it bought during the second half of 2016.
Berkadia Secures $50M in Financing for Cleveland Project
The company secured the loan from Related Fund Management for the development of Centric Apartments, a 272-unit community.
$35M Goes into FL Senior Living Expansion
Construction of Mallorca is underway and the renovations and expansions will be completed by the first quarter of 2018.
On the Market: 5 Interesting Listings for the Week of 12/26
Recent listings include rustic-inspired townhomes catering to students at Appalachian State University and a community that formerly served as Florida’s original Cuban Consulate.
Port St. Lucie’s Apex Prima Vista Changes Hands for $38M
Bluerock Residential Growth REIT acquired the 320-unit property in Florida through a joint venture with the Carroll Org.
Griffis/Blessing Ends 2016 with $85M Deal
The Colorado Springs-based company purchased two properties in metro Denver, totaling 454 units.
MG Properties Grabs Phoenix-Area Property
JLL brokered the $51 million sale by Rockwood Capital and Alliance Residential of the well-situated, highly amenitized property.