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    The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.

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    The newly constructed properties are leased to affiliates of OnPointe Health LLC, and were acquired from a Texas developer for some $27.3 million.

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  • Transwestern Brokers Denver Community Deal

    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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  • MG Properties Acquires $58M Vegas Community

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  • SHAG Opens Newest WA Senior Housing

    Lynnwood City Center Senior Living features 308 one- and two-bedroom floorplans ranging from 515 to 787 square feet. A selection of apartments is reserved for individuals and households with fixed incomes.

    13 November 2017 16:35
  • Baltimore Community Sells for $31M

    The 390-unit Marble Hall Gardens previously changed hands in 2007, when Tryko Partners acquired the Class C asset from Lightstone Group for $13.2 million.

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  • Denver Community Sells for $31M

    ARA Newmark represented Nichols Partnership in the sale of Turntable Studios. Built in 1967, the building was renovated and converted to multifamily in 2015.

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  • Drones, Databases & Deals

    Technology offers investors and their advisers a menu of marketing tools that seemed unimaginable just a few years ago. Brokerage firms are upgrading their websites, dispatching drones and employing virtual reality to heighten the drama of their presentations.

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  • RADCO Acquires 336-Unit Orlando Community

    The company bought Radius Winter Park for $36 million and plans to spend up to $5 million on capital improvements to modernize the community.

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  • South FL Community Trades in $27M Deal

    Cushman & Wakefield’s team worked on behalf of the seller, a joint venture between Eastwind Development and Index Apartments, in the 1031 exchange of the asset.

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