$53 million acquisition financing secured for Class A multihousing community near Tampa
JLL Capital Markets announced that it has arranged $53 million in acquisition financing for Circa at FishHawk Ranch, a 260-unit, Class A, garden-style multihousing community in the Tampa MSA community of Lithia, Florida. JLL worked...
Middleburg Communities acquires 353-unit Peppertree Apartments in North Charleston, South Carolina for $37.1 million
Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development and management firm, announces the acquisition of Peppertree Apartments, soon to be rebranded Vesta Creeks Run, in North Charleston, South Carolina for $37.1 million....
Miami area multihousing community trades
JLL Capital Markets announced that it has closed the sale of Lago Paradiso at the Hammocks, a 424-unit, garden-style multihousing community in the suburban neighborhood of Kendall in Miami-Dade, Florida. JLL marketed the property on...
Cushman & Wakefield arranges $35.7 million sale on behalf of VAS Apartments, LLC, an...
Cushman & Wakefield announced the commercial real estate services firm has arranged the $35.7 million sale of Nexus at Sandhill, a 240-unit apartment community located in Columbia, South Carolina. Tai Cohen, John Phoenix and Richard...
Franklin Street arranges $43.2 million sale of student housing community near USF in Tampa
Franklin Street has arranged the sale of Campus Palms, a 230-unit, 570-bed student housing community in Tampa for $43.2 million. The property is located two blocks from the University of South Florida, serving a...
Marcus & Millichap brokers the sale of a three-property portfolio in the heart of...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 99-unit, contiguous three-property portfolio situated in the heart of Ocala, Florida,...
Middleburg Communities welcomes industry expert Brad Case as chief economist & director of research
Middleburg Communities has named Brad Case, PhD, CFA, CAIA as Chief Economist and Director of Research for the company, to provide analytical support for C-level buy/sell/develop and market focus tactical decisions. “Brad Case is one...
Afghan refugees face U.S. housing crunch
Refugee aid groups are scrambling to find permanent homes for the thousands of Afghan evacuees expected to settle in the Washington, D.C. region in the coming months, a steep challenge in one of the...
Pam Weber joins NAA as NAAEI Vice President
The National Apartment Association (NAA) announced Pam Weber, CAE as the next Vice President of the NAA Education Institute (NAAEI). Weber brings a wealth of association experience to NAA, working as a highly respected manager...
Parkview Financial provides $28.5 million loan for hotel conversion project to feature 351 apartment...
Parkview Financial announced it has provided a $28.5 million loan to CS-ICM 5, LLC for the conversion of a former 436-key hotel and resort property into a 351-unit apartment complex with retail and restaurant...
Berkadia arranges $42 million refinancing for luxury apartments in West Palm Beach
Berkadia announces it has arranged the $42 million recapitalization of Alora at West Palm Beach, a 270-unit luxury apartment community in the heart of West Palm Beach, Florida. Senior Managing Director Charles Foschini and...
FCP and Aventon announce JV for development of Aventon Clearwater Class A Apartments
FCP and Aventon Companies announce a joint venture for the development of Aventon Clearwater Apartments in Clearwater, Fla. The 396-unit, Class A multifamily community will feature three-story buildings on U.S. Highway 19, and easy...
Franklin Street arranges record setting sale of value-add apartment community in Fort Lauderdale for...
Franklin Street has arranged the sale of a 48-unit value-add multifamily property in Lauderdale Lakes, a submarket of Fort Lauderdale, for $6.95 million or $144,791 per unit. The 1972-built property, called Newcastle Apartments, was...
S.L. Nusbaum Realty Co. arranges $28.175 million sale of Virginia Beach apartment community to...
S.L. Nusbaum Realty Co. is pleased to announce Arbor Trace Apartment Homes was purchased for $28.175M (approx. $190,000 per unit) on September 10, 2021. Bill Overman, CCIM, John Wessling, CCIM and Paul Peck represented...
Berkadia arranges $91.49 million loan for acquisition of two Tampa Bay apartment communities
Berkadia announces it has secured $91 million in financing for the acquisition of two multifamily properties in the Tampa Bay area: Henley Tampa Palms, a 315-unit apartment community in Tampa, and Enclave at Northwood,...