The following is a list of transactions that were announced between 02/20/2016 – 03/24/2016. To have your transaction featured, submit details to [email protected]
SALES:
The Artisan Townhomes and Apartments
Location: Denver
No. of Units: 434
Buyer: Oak Coast Properties/BMC Investments
Seller/Representative: Peak Capital Partners
Notes: HFF represented the seller and secured Freddie Mac financing.
Value: $50.8 million
Grande Court at Boggy Creek
Location: Kissimmee, Fla.
No. of Units: 394
Buyer: Hercules Real Estate Service
Seller/Representative: Courtelis Development Co.
Notes: Marcus & Millichap represented the seller and procured the buyer.
Value: $26.2 million
Afton Ridge
Location: Concord, N.C.
No. of Units: 360
Buyer: undisclosed
Seller/Representative: Afton Ridge Apartments
Notes: Multi Housing Advisors arranged the transaction on behalf of the seller.
Value: $47 million
Alexan Henderson Beach Apartments
Location: Destin, Fla.
No. of Units: 340
Buyer: Bluerock Residential Growth REIT
Seller/Representative: undisclosed
Notes: Bluerock plans to raise rents and renovate common areas.
Value: $53.7 million
Russellville Commons Apartments
Location: Portland, Ore.
No. of Units: 283
Buyer: MG Properties Group
Seller/Representative: The Reliant Group
Notes: HFO Investment Real Estate represented the seller.
Value: $57.8 million
The Village at Marquee Station
Location: Fuquay-Varina, N.C.
No. of Units: 265
Buyer: Starlight U.S. Multifamily Core Fund
Seller/Representative: Blue Heron Asset Management
Notes: HFF represented the seller.
Value: $41.5 million
Bridges at Kendall Place
Location: Miami
No. of Units: 228
Buyer: Stockbridge Capital Group
Seller/Representative: Jamestown
Notes: HFF represented the seller.
Value: $52.7 million
Spyglass Hill
Location: Portland, Ore.
No. of Units: 137
Buyer: Pacific Urban Residential
Seller/Representative: Hamilton Zanze
Notes: HFF represented the seller.
Value: $25.3 million
Winfield of Scottsdale Apartments
Location: Scottsdale, Ariz.
No. of Units: 95
Buyer: The Tanbic Co.
Seller/Representative: Transwestern
Notes: Transwestern represented the undisclosed seller.
Value: $13 million
FINANCING:
The Tides at Lakeshore East
Location: Chicago
Type of Financing: refinance
No. of Units: 608
Lender: undisclosed
Arranged By: CBRE
Notes: The borrower was a joint venture between Magellan Development and the AFL-CIO Building Investment Trust.
Amount: $125 million
Woodfield Dulles Station
Location: Washington, D.C.
Type of Financing: construction
No. of Units: 400
Lender: U.S. Bank
Arranged By: HFF
Notes: The developer is Woodfield Investments.
Amount: $69 million
Optima Sonoran Village
Location: Scottsdale, Ariz.
Type of Financing: refinance
No. of Units: 206
Lender: Mesa West Capital
Arranged By: CBRE
Notes: The borrower was a joint venture between Optima and DeBartolo Development.
Amount: $49.8 million
Crestavilla
Location: Laguna Niguel, Calif.
Type of Financing: joint venture equity
No. of Units: 211
Lender: Fremont Realty Capital
Arranged By: HFF
Notes: The borrower was Steadfast Companies.
Amount: $27.9 million
The Dakota at Abacoa Apartments
Location: Jupiter, Fla.
Type of Financing: refinance
No. of Units: 190
Lender: PPM Finance
Arranged By: NorthMarq Capital
Notes: The property is located within the Abacoa master-planned community.
Amount: $26.2 million
Tabco Towers
Location: Towson, Md.
Type of Financing: acquisition
No. of Units: 200
Lender: HUD
Arranged By: JLL
Notes: The borrower was Wishrock Investment Group.
Amount: $24.5 million
Platt Park North
Location: Denver, Colo.
Type of Financing: refinance
No. of Units: 60
Lender: Freddie Mac
Arranged By: HFF
Notes: The property is owned by Pando Holdings and CF Investments.
Amount: $22.2 million
333 Central Avenue
Location: Westfield, N.J.
Type of Financing: construction
No. of Units: 70
Lender: Capital One Bank
Arranged By: HFF
Notes: The borrowers were the Hampshire Cos. and the Claremont Cos.
Amount: $17.4 million
Residences at Seminole Commons
Location: Sanford, Fla.
Type of Financing: construction
No. of Units: 175
Lender: Synovus Bank
Arranged By: NorthMarq Capital
Notes: The developer is Inland Atlantic Development Corporation.
Amount: $15.2 million
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