Property Acquisitions and Dispositions

KIG CRE announces the $2 million sale of a 5-acre plot of land that is part of the Hamburg Place Community in Lexington, Kentucky. An affiliate of Steadfast Companies purchased the land, located along Polo Club Drive, to develop independent living, assisted living and memory care facilities. The seller, POLO 1, LLC, was represented by KIG CRE's Principal and Managing Broker Susan Tjarksen, Managing Partner Todd Stofflet and Partner Jason Stevens.

KIG CRE announces the $2 million sale of a 5-acre plot of land that is part of the Hamburg Place Community in Lexington, Kentucky. An affiliate of Steadfast Companies purchased the land, located along Polo Club Drive, to develop independent living, assisted living and memory care facilities. The seller, POLO 1, LLC, was represented by KIG CRE's Principal and Managing Broker Susan Tjarksen, Managing Partner Todd Stofflet and Partner Jason Stevens.

This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.,This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it.,of Northcap Multifamily, are pleased to announce the recent sale of La Esperanza Apartments for $4,508,000 ($62,611/unit). This sale consisted of 72 multifamily units built in 1962, located at 900 to 1208 E. Carey Avenue, in N. Las Vegas, Nevada. This multiple parcel assemblage assemblage required simultaneous closing of 5 separate escrows.  The purchaser of this value-add opportunity plans extensive renovations to the property. 

CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced the acquisition of Timber Ridge, an affordable apartment community in northern Virginia. 

WASHINGTON, D.C. – July 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $51.5 million sale of The Residences at City Center, a 291-unit apartment community with ground-floor retail in Manassas Park, Virginia.

Orlando, Fla. – Berkadia has arranged $37.939 million in acquisition financing for Arrow Ridge, a 320-unit apartment community in Kissimmee. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia’s South Florida office secured the loan on behalf of Insula Companies, a real estate investment firm based in Sarasota.

Orlando, Fla. – Berkadia has arranged $47.675 million in acquisition financing for Veve at Castle Hill, a 328-unit multifamily community located in the Clermont submarket of Orlando. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Senior Analyst Lourdes Carranza-Alvarez secured the loan on behalf of Advenir, a real estate investment and management firm based in Miami.

This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.,This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it.,of Northcap Multifamily, are pleased to announce the recent sale of Cypress Springs Apartments for $15,000,000 ($104,166/unit). This sale consisted of 144 multifamily units built in 1994, located at 3651 N. Rancho Drive, in Las Vegas, Nevada. The purchaser of value-add opportunity plans extensive renovations to the property. 

WASHINGTON, D.C. – July 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $87.75 million sale of Rolling Hills, a 468-unit apartment community in Germantown, Maryland.

This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.,This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it.,of Northcap Multifamily, are pleased to announce the recent sale of Fremont Palms Apartments for $3,200,000 ($60,377/unit). This sale consisted of 53 multifamily units built in 1979, located at 2540 Fremont Street in Las Vegas, Nevada.

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