Regions
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in November 2018 in New York City.
Covenant Capital Group Raises Record $395M
Covenant Apartment Fund IX is the largest fund in the company’s 18-year history. The capital will go toward revitalizing recently acquired properties.
Senior Housing Portfolio Receives $327M Refi
The Freddie Mac loan, originated by Berkadia, will refinance some 2,200 units for Brookdale Senior Living.
Bank of America Provides $25M for Bay Area Refi
The loan retires a prior, $30 million CMBS mortgage from late 2008, which had been set to mature in January.
Blackstone Sells $40M Phoenix Asset
TH Real Estate acquired the 240-unit multifamily asset, securing $40 million in revenue bond financing from Maricopa County’s Industrial Development Authority.
NKF Closes $220M Student Housing Assets Sale
Ryan Lang, Brandon Buell and Jack Brett are part of the team that represented the sellers in the transactions.
Security Properties JV Sells Seattle Community for $150M
A private investor—with financing from New York Life Insurance Co.—acquired the 309-unit luxury multifamily asset, which welcomed its first residents in 2017.
Decron Properties Buys San Jose Apartments
The partially affordable property last changed hands in 2012, when Greystar purchased the 208-unit community from Invesco for nearly $60 million.
Top 5 Communities Under Construction in Sacramento
With more than 5,500 projects underway—including the city’s largest in several decades—and strong employment gains, Sacramento remains a hot multifamily market.
NYC Healthcare Facility Secures $24M Refi
The 200-bed Eastchester Rehab & Health Care Center will use a portion of the proceeds for renovations to the facility.