Regions
Phoenix Community Changes Hands for $57M
InterCapital Partners picked up the 561-unit multifamily property from value-add specialist 3rd Ave Investments, which bought the asset back in 2016.
Brooklyn Multifamily Report – Summer 2019
The borough’s apartment supply and demand remained in relative balance amid New York City’s new rent regulations.
Bay Area Properties Sell for $25M
Marcus & Millichap’s Levin Johnston brokered the sale of Village Drive and Carlmont Park Apartments, two communities encompassing a total of 52 units in Belmont, Calif.
Metro LA Community Changes Ownership in $21M Deal
MWest Holdings financed the acquisition of Harbor Terrace with a $15.8 million loan held by Prime Finance Partners. The new owner will renovate and rebrand the asset.
Top 5 Multifamily Transactions in Nashville
Several major deals have closed so far this year, with the bulk of sales including older assets in one quadrant of the metro.
Inland Empire Multifamily Report – Summer 2019
Rents in the market increased 4.2 percent year-over-year through April, driven by the area’s historically limited inventory.
HCW to Break Ground on Phoenix-Area Condo Project
UMB Bank provided financing for Valerio at Ocotillo, a lakeside development which is set to bring 32 luxury townhomes to Chandler, Ariz.
Chicago High-Rise Lands $70M Financing
The Fannie Mae loan, provided by Greystone for Maryland-based Foundation Housing, will help keep the 256-unit community affordable for lower-income residents for many years to come.
Equity Residential Makes $165M Boston Sale
ING Group provided LaSalle Investment Management and Jefferson Apartment Group with more than $104 million in acquisition financing for a rental community in the city’s Fenway-Kenmore neighborhood.
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.