Regions
Madison Residential Acquires Seattle Community
Opus Bank provided the buyer with more than $12 million in financing for the nearly $16 million acquisition. The 77-unit asset last changed hands in 2014 for $7.6 million.
Nuveen Real Estate Launches $550M Multifamily Fund
The new fund, which targets renters by choice, will focus on acquiring well-located multifamily rental properties with stable occupancies in top-tier cities.
Aulder Capital Pays $44M for MD Community
The previous owner implemented more than $7 million in capital improvements, which included renovating Walker Mill Apartments’ common areas and building systems.
Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.
JV Acquires 371-Bed NY Student Housing Asset
The student housing community serves students attending Binghamton University. This deal marks OC’s third acquisition at a SUNY school.
MA Modular Development Moves Forward
More than 100 “boxes” that will create residential units in Newton, Mass., are being installed as the mixed-use project prepares for a summer opening.
Upscale D.C.-Area Community Breaks Ground
Developed by NRP Group in Clarksburg, Md., the 272-unit property will be situated near the Clarksburg Premium Outlets, an upscale outlet mall developed by Simon and New England Development.
Greystar, Partners Close on $450M Rental Housing Fund
The multifamily giant and investment partners APG Asset Management, Bouwinvest Real Estate Investors and Macquarie will focus on top-tier Chinese markets.
FPA Multifamily Trades Seattle-Area Asset for $71M
The transaction marks the buyer’s second acquisition in the Federal Way submarket in the past 12 months, bringing the firm’s Seattle-area portfolio to more than 600 units.
Newly Completed Nashville Community Lands $40M Refi
The Giddings Group opened the 251-unit luxury asset in the city’s North Nashville/Bordeaux submarket in 2018. The new financing package pays down a prior construction loan from SunTrust Bank.