Property Acquisitions and Dispositions
Berkadia announces it has arranged the $32.18 million recapitalization of Melvin Park Apartments, a 263-unit apartment community in Catonsville, Maryland. Senior Managing Director Mitch Sinberg Managing Director Matt Robbins, and Vice President-Originations Abigail Beauchamp of Berkadia Boca Raton secured the financing on behalf of Melvin Park Owner LP.
Jaime Sturgis-led firm brokers prominent developer’s $6.4 million acquisition of multifamily development property and $4.25 million sale of Chops + Hops property
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the acquisition by its Mill Creek Multifamily Value-Add Fund of Alister Lake Lynn, a garden-style apartment community in Northwest Raleigh.
Buyer to develop single-family community on Grassy Key property in Marathon
The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, CA.
The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, CA.
The 192-unit acquisition is the first for Monument’s newly launched Opportunity Fund V
Lynd Acquisitions Group (LAG), a division of the Lynd Group, and its JV partner Topaz Capital, sold a 444-unit value-add multifamily asset in Jacksonville for $66 million just three years after acquiring it for $35.15 million.
