FCP announces sale of Townsend Square apartments in Fredericksburg, Virginia
FCP announces the sale of Townsend Square Apartments in Fredericksburg, Virginia to Acento Partners. The 200-unit apartment community was acquired by FCP in May 2014.
“Townsend Square received a number of improvements under FCP’s ownership, including...
JLL advises growing seniors housing owner-operator on two transactions
JLL Capital Markets announced that it has advised CR Properties and Claiborne Senior Living on the sale of The Claiborne at West Lake (Georgia) and secured $9 million of construction financing for The Claiborne...
Marcus & Millichap completes dual multifamily asset sale in Birmingham
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Onyx at 600 and Ascot Place Apartments, two multifamily properties, totaling...
Rent Payment Tracker finds rent payment rate at 95 percent of prior month
The National Multifamily Housing Council (NMHC) found that 89 percent of apartment households made a full or partial rent payment by April 19 in its survey of 11.5 million units of professionally managed apartment units across the country,...
Marcus & Millichap Capital Corporation arranges $24.5 million non-recourse cash-out refinance
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions has arranged a $24.48 million non-recourse loan to provide cash-out and refinance a 207-unit multifamily property in...
Mesa West Capital originates $92.5 million first mortgage loan for acquisition of 400-unit Atlanta...
Mesa West Capital provided $92.5 million in bridge financing to an institutional real estate private equity fund for the acquisition and repositioning of a 400-unit Class A multifamily property in Atlanta.
The four-year, interest-only floating...
The RADCO Companies announces sale of two-community portfolio in Spartanburg, SC to GoldOller and...
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of a two-community, 700-unit portfolio in Spartanburg, SC to GoldOller and National Property REIT Corp, a portfolio company...
Cushman & Wakefield brokers $55 million financing of luxury, 292-unit apartment community in Fort...
Cushman & Wakefield has negotiated the financing in the acquisition of ORA Flagler Village, a newly completed, 292-unit luxury mid-rise apartment community in Fort Lauderdale.
The Cushman & Wakefield Equity Debt & Structured Finance Team...
Jobs, population growth and building costs fuel apartments
Despite an abundance of new product, interest rate hikes and heightened competition, investors’ collective appetite for buying multifamily rental projects region-wide appears to be undiminished.
In the past two months alone, a half-dozen projects throughout...
Virginia passes tenant protections
Governor Ralph Northam of Virginia recently signed a number of measures designed to increase tenant protections in the state. Several other bills with the same goal have passed the legislature and are awaiting action...
LMC acquires Novel Stonewall Station Apartments
LMC, a leader in apartment development and management, today announced its acquisition of Novel Stonewall Station, a luxury transit-oriented apartment community located in Uptown, one of Charlotte's most sought-after rental submarkets. The transaction marks...
Cushman & Wakefield arranges $46.55 million multifamily sale for Stonecutter Capital Management
Cushman & Wakefield has arranged the $46.55 million sale of Ascent at Jones Valley, a 431-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Andrew Brown of Cushman & Wakefield represented the seller,...
Cushman & Wakefield arranges sale on behalf of Reger Holdings
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Reign Living at the Stadium, a 126-unit, 504-bed student housing apartment community located in Columbia, South Carolina, adjacent...
Cushman & Wakefield arranges $121 million sale of Gates 4 Multifamily portfolio
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $121 million sale of the Gates 4 Portfolio, a collection of four multifamily properties located in Fairhope, Daphne and Mobile,...
Passco Companies acquires 300-unit luxury multifamily community in Destin, Florida for $63.45 million
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Legacy on the Bay, a 300-unit luxury apartment community...
