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    The company secured a seven-year Freddie Mac acquisition loan for Interstate Equities Corp.'s purchase of the 133-unit Verse La Mesa in La Mesa, Calif.

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    The $3 billion deal encompasses 49 communities and nearly 14,000 units in 10 states. Joining Greystar as the REIT’s co-owners will be affiliates of APG Asset Management N.V., GIC and Ivanhoe Cambridge.

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    The 344-unit community, located in Austin’s West End submarket, offers studio, one- and two-bedroom units averaging 734 square feet. The leasing activity has started and the property will open on June 15.

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  • CBRE Arranges Sale of Phoenix Community

    Located at 550 W. Maryland Ave., the garden-style townhome community offers large two-bedroom units averaging 1,386 square feet. Amenities include an outdoor kitchen and lounge area, a fitness center and more.

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    Jeff Sanders acquired the two apartment communities totaling 429 units for $30.9 million. They were built between the 1960s and 1970s and are located in improving areas close to downtown Denver.

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    The company received $47 million to refinance a pair of Greater Atlanta communities and awaits final approval of $64 million in construction financing for 464 units in Florida.

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  • Greater Boston Development Ready for Move-in

    Meriel Marina Bay has reached a new milestone. The South Building of the property is now open and welcoming new occupants.

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  • REVA Development Opens Luxury IL Community

    Located near suburban Chicago's Deer Park Town Center, the property features a combination of mid-rise flats and rental townhomes, totaling 236 units.

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  • Tips for Saving Money on Energy Bills

    Taking steps to make buildings more energy efficient not only has a positive impact on the environment but it can also save a lot of money for property owners in the small-balance market.

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