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HFF Arranges $25M in Acquisition Financing for Minneapolis Community
HFF has closed the sale of and arranged $25 million in acquisition financing for a 228-unit, mixed-use multifamily community in Minneapolis to KBS Legacy Partners Apartment REIT Inc.
ARA Brokers 309-Unit Sale in Austin
ARA brokers the sale of an Austin asset; KBS Legacy Partners Apartment REIT completes its first purchase of 2013; and NorthMarq Capital obtains $21.7 million in acquisition financing from a life insurance company.
KBS Closes on Acquisition of 228-Unit Eden Prairie M-U Community
Newport Beach, Calif.-based KBS Legacy Partners Apartment REIT has closed on its first acquisition in 2013: Watertower Apartments. The 228-unit mixed-use community, located in Eden Prairie, Minn., is situated close to I-494 and Highway 212 and just 16 miles southwest of downtown Minneapolis.
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