National
TODAY'S DEALS: Tryko Acquires 170-unit HUD-Subsidized Seniors Asset
Tryko Partners buys a 170-unit seniors housing asset in Pennsylvania; Red Mortgage Capital LLC finances a $29.5 million structured ARM for a UDR property; and Charles Dunn Co. sells a 28-unit property in Canoga Park, Calif.
TODAY'S DEALS: $200M L.A. Development Breaks Ground
J.H. Snyder Co. breaks ground on a $200 million asset in L.A.; Colony Hills Capital lands a 2,000-unit portfolio in Alabama; and ARA brokers the largest multifamily sale to-date in New Hampshire.
TODAY'S DEALS: Home Properties Buys Two Virginia Assets for $112.2M
Home Properties buys two properties for $112.2 million; Petra Capital completes a $46.5 million sale in Arizona; and Red Mortgage Capital finances a $41.2 million Fannie Mae loan on behalf of Associated Estates.
Appealing to Millennials: Must-Haves for New Apartments
A recent webinar titled “Top 12 Must-Haves in Your 2012 Apartment Project” described important features to consider for new apartment community projects to appeal to renters, particularly Generation Y.
TODAY'S DEALS: Beech Street Provides $68M Portfolio Refinance
Beech Street Capital refinances four properties for the Galman Group; Federal Capital Partners sells a Richmond, Va., asset for $28.6 million; and NAI Hunneman finds a buyer for the $1.55 million sale of a Boston property with condo-conversion possibilities.
TODAY'S DEALS: Champion Picks Up 218-Unit Asset in Ohio
Champion Real Estate Services completes a $11.8 million purchase in Ohio; a joint venture breaks ground on a 440-unit development in Los Angeles; and NorthMarq Capital arranges $26.5 million in funds from a life insurance company.
TODAY'S DEALS: Investcorp Buys 1,076-Unit Houston Portfolio
Investcorp acquires four properties in Houston’s Copperfield master-planned community; American Realty Advisors buys a 224-unit asset in North Dallas; and Hendricks & Partners negotiates a $14.4 million apartment sale.
TODAY'S DEALS: Alder, ECI Announce Two Luxury Towers
The Alder Group and ECI Group acquire land for two luxury towers in Florida; IPA completes a $13.5 million sale for Beachworld Residential; and NAI Hunneman’s Investment Services Group brokers a $1.6 million sale of a four-unit condo building.
MAA Buys 230-Unit Buckhead Apartment Community
By Georgiana Mihaila, Associate Editor Memphis, Tenn.-based MAA, an apartment-only real estate investment trust, recently added the 230-unit Allure in Buckhead Village community to its portfolio of over 49,000 apartment units spread throughout the Sunbelt region of the U.S. While the company is currently selling several of its Atlanta-area assets and an acquisition was not […]
TODAY'S DEALS: Praedium, McDowell Buy California Asset
The Praedium Group and McDowell Properties purchase a 200-unit community; HFF refinances a seniors housing community in California; and Madison Realty Capital completes a $21.5 million note and deed purchase for a Brooklyn property.