Trending Multifamily News
Jacksonville, Fla. – Berkadia has arranged acquisition financing for Portiva, a newly constructed, Class A apartment community with 260 units located in Jacksonville, Florida. Senior Managing Director Mitch Sinberg, Associate Director Matt Robbins and Senior Analyst Wesley Moczul of Berkadia’s South Florida office secured the $36.23 million loan on behalf of the buyer, Myers Apartment Group, which purchased the property prior to stabilization for $50.7 million.
WASHINGTON, D.C. – August 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $8.435 million in joint venture equity for the acquisition of The Moderne and The Verano, two apartment communities totaling 116 units in downtown Stamford, Connecticut.
RED Capital Group, LLC announces the closing of $245.27 million in transactions in the second quarter of 2018 (April, May and June).
NEWPORT BEACH, CA – August 9, 2018 – HFF announces the closing of a $121.7 million participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1,800 square feet of retail in Milpitas, California.
Fort Myers, Fla. (Aug. 8, 2018) – Berkadia announced today it has arranged $38.209 million in acquisition financing for The Fountains at Forestwood, a 397-unit multifamily community in Fort Myers, Florida. Senior Managing Director Mitch Sinberg, Associate Director Matt Robbins, and Director of Operations Jared Hill of Berkadia’s South Florida office secured the loan on behalf of an affiliate of Lloyd Jones Capital, a multifamily real estate investment firm based in Miami. The property traded for $55 million, or approximately $138,000 per unit.
PHILADELPHIA, PA – August 8, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for a two-property, transit-oriented apartment portfolio totaling 821 units in the historic Chestnut Hill submarket of Philadelphia, Pennsylvania.
Los Angeles, CA --TruAmerica Multifamily in partnership with Intercontinental Real Estate Corporation (“Intercontinental”) has acquired the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at Grossmont Station in La Mesa, CA.