Property Types
Top 10 Largest Multifamily Conversions in the Pacific Northwest
The area recorded a high number of adaptive reuse projects that transformed hotels into affordable multifamily communities, breathing new life into historic buildings. Some of the structures served military purposes during World War II.
Wilshire Unlimited Enters Vegas Market With $21M Buy
The company will apply a value-add strategy to the community, which is in need of upgrades and currently has 16 units down due to deferred maintenance.
Tampa Community Changes Hands for $97M
Brokers from Berkadia’s Tampa, Orlando and Jacksonville offices worked together in finding a buyer for The Cove Apartment Homes, a 689-unit garden-style property.
Tampa Senior Community Fetches $29M
Kayne Anderson Capital Advisors acquired The Watermark at Trinity, a 97-unit assisted living and memory care facility, for $300,000 per unit.
JV Secures $251M for NYC Condo Project
CB Developers, SK Development and Ironstate Development are constructing 646 11th Ave. in the Hell’s Kitchen neighborhood. When completed, the community will include 222 condos and 60 for-sale storage units.
Aeon Acquires MN Affordable Community
The purchase of the 118 apartment homes in Little Canada was a joint venture which also included the NOAH Impact Fund of Greater Minnesota Housing Fund.
NexMetro Sells First Phoenix-Area Community
Avilla Palm is a hybrid development, with the physical separation and private backyards of single-family homes and the centralized management of multifamily assets.
Blaze, True North Acquire Charlotte Property
The 210-unit Galleria Village Apartments marks the partners’ second purchase in the Charlotte area. The community offers access to a swimming pool, a car-care center and a clubhouse.
Multifamily Community With 753 Units Trades in Indianapolis
Shamrock Communities sold The Cottages of Fall Creek to Pepper Pike Capital Partners. The new ownership will make a significant capital investment in the asset.
Affordable Dallas Property Lands Refi
The 240-unit community, constructed between 1968 and 1976, includes 202 income-restricted apartments. The owner purchased the property in late 2016.