Property Types
Western Wealth Completes $6M Divestment in Phoenix
The Canadian company initially bought a stake in the community in 2015, with the current transaction representing a 32 percent price increase compared to the original acquisition.
Marcus & Millichap Brokers Sale of FL Communities
The two-property portfolio located in Sarasota, Fla., traded to a 1031 exchange buyer for $9.5 million. The brokerage firm represented both parties in the deal.
FCP Expands Florida Portfolio
Situated in the Lauderhill submarket, Summit Palms features one- to three-bedroom units across four buildings. Avesta currently manages the asset.
Vesper Buys 2 GA Student Housing Properties
The company will allocate $3.2 million to property improvements for the 336-bed and 504-bed communities situated near the University of West Georgia.
North Park Ventures Plans Chicago Conversion
Interra Realty brokered the $13.7 million sale of the mixed-use building located near Wrigley Field. All 30 condominiums will be converted into rental apartments.
Campus Advantage to Manage 2 CA Student Housing Properties
College Square has 240 units and is near University of California, Davis, and University Village has 100 units and serves students at California State University, Fullerton.
Manhattan’s First Purpose-Built Assisted Care Center Breaks Ground
The assisted living and memory care community will rise 16 stories in Midtown Manhattan, offering 151 units and ground-level retail.
Berkadia Arranges $74M for 2 FL Communities
The firm secured $34.5 million for The Queue Apartments in Fort Lauderdale and $39.5 million for Advenir at the Oaks in Ocoee.
Economists See Clouds in the Silver Lining
Although the immediate state of the economy is healthy, experts discussed tax reform’s potentially negative impact on housing and the U.S.’s overall fiscal future at the National Association of Business Economists (NABE) annual policy conference in Washington, D.C., last week.
Greystone Provides $17M Refi for Brooklyn Asset
The Fannie Mae loan will be used to pay off a $12 million construction loan on the newly built condominium property.