Market Rate
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.
New Jersey Apartments Go for $55M
Gebroe-Hammer Associates has announced the purchase of a 232-unit property in New Providence, N.J.
Austin Apartment Community Trades for $49M
BRG invested roughly 93 percent in the venture, which translates to approximately $15 million.
Marcus & Millichap Closes Tampa Community Sale
Strategic Realty Capital bought the 328-unit Key Vista for $12.1 million.