Trending Multifamily News
Fort Myers, Fla. - Berkadia has arranged the sale of Cobblestone on the Lake, a 290-unit condominium community consisting of 186 rental units in Fort Myers, Florida. ESG Kullen, of New York, acquired the 186-units for $21.25 million, or $114,247 per unit. The deal gives the new owner complete control over the condominium association.
AUSTIN, TX – February 12, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged acquisition financing for Legacy Heights, a 306-unit, garden-style multi-housing community in San Antonio, Texas.
CHICAGO, IL – February 12, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged joint venture and preferred equity totaling $28.9 million to capitalize the development of Radius Apartments, a 13-story, 389-unit, Class A apartment project in Orlando, Florida.
MIAMI – and celebrated the groundbreaking of MiMo Bay Apartments, a 236-unit mixed-use waterfront community in Miami’s Upper Eastside. The project is a joint venture between ACRE and a large Canadian Pension Fund, and will be built on the 3.6-acre site of the former American Legion Post No. 29 building. The project will include a 15,000-square-foot facility to be owned and operated by Post No. 29 for the use of its military veteran members.
New Role Brings Additional Managerial and Credit Authority to Growing Platform
Miami-based Coral Rock Development Group and Arena Capital Holdings announced today that they have acquired Prospect Towers, a downtown Clearwater, Florida senior living high-rise for $13.5 million.