Property Types
Trion Properties Acquires $28M OR Community
The purchase of Pacific Crest in Tigard marks the firm’s 10th investment in the Portland area within the last three years, bringing its area portfolio to 700 units.
American Landmark Expands NC Footprint
The Florida-based company teamed up with Electra America to acquire a three-property portfolio comprising more than 1,000 units. The new owners plan to invest up to $8 million in renovations.
6,000 Affordable Units to Be Renovated or Built Using FHLBank Funds
The San Francisco bank awarded $65.9 million for 70 developments that will provide housing for low-income families and individuals in seven states.
Luxury Community Breaks Ground in Capitol Hill
With delivery planned for 2020, Foulger-Pratt’s Beckert’s Park in D.C. will feature 325 units and 68,000 square feet of ground-floor retail, including a Safeway store.
PAC Buys 140-Unit TX Student Housing
The Bloc, located in Lubbock, serves students attending Texas Tech University and includes access to a swimming pool, a fire pit and a free Starbucks bar.
Starlight, Blackstone Acquire 746 Units in Canada
The portfolio comprises six communities located in Toronto and Montreal, which include low-, mid- and high-rise buildings. This marks Blackstone’s first investment in the Canadian multifamily market.
On the Market: 5 Interesting Listings for the Week of 6/25
This week’s listings include an heirloom property near Roxbury Park and Century City in Beverly Hills, a community in the heart of Texas that is primed for Fannie or Freddie green financing, and more.
Marcus & Millichap Facilitates Southern CA Sales via 1031 Exchanges
Located in Anaheim and Oceanside, the four communities changed hands for $67.7 million combined. Tyler Leeson and Drew Holden represented the sellers and also procured the buyers.
CBRE Arranges Affordable CO Sale
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller. The Romero Group manages the property located within Willits Town center, a 360,000-square-foot mixed-use development.
Prudent Growth Partners Grows NC Portfolio
The company is steadily growing its investor network by targeting garden-style communities between 100 and 300 units. The current deal brings its North Carolina portfolio to eight properties.