Property Acquisitions and Dispositions

MORRISTOWN, NJ – JLL Capital Markets announced today that it has arranged the $87.1 million financing of Valley and Bloom, a two-building, 258-unit, mixed-use multi-housing community in Montclair, New Jersey. In addition to the residential units, the property also includes 19,812 square feet of office space, 19,921 square feet of retail space and an attached parking garage.

New York, NY (July 22, 2022) - Greystone provided $6,960,000 in bridge financing to refinance acquisition debt for a 137-bed assisted living facility in Wellsville, NY. The transaction was originated by Christopher Clare of Greystone.

Los Angeles (July 20, 2022) — Multifamily investment firm DB Capital Management (“DB Capital”) has partnered with Sabal Financial Group to acquire Villas of Henderson Pass, a 228-unit multifamily community in San Antonio, TX. The property, which was 98 percent occupied at closing, is DB Capital’s third acquisition in San Antonio.

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 Commercial are pleased to announce the recent sale of the Mark & Daisy Apartments for $3,800,000 ($135,714/unit). This sale consisted of 28 units built in 1963 located at 3782 University Center Drive, 3791 Daisy Street, 740 Mark Ave, 754 Mark Ave and 770 Mark Ave in Las Vegas, Nevada.

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 Commercial are pleased to announce the recent sale of the 239 W. New York Ave Apartments for $1,015,000 ($126,875/unit). This sale consisted of 8 units built in 1961 located at 239 W. New York Ave in Las Vegas, Nevada.

Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company, has completed the sale of Riverstone at Owings Mills, a residential community consisting of 324 multifamily units in Owings Mills, Maryland, for $92.9 million. Situated just outside of Interstate 695 in the northwest section of Baltimore County, the asset was acquired by Carter Funds. CRC was represented by Christine Espenshade and Robert Garrish of Newmark in this sales transaction. This is the second multifamily sale in the region for CRC in the last quarter. In July, CRC sold the 189-unit 101 North Ripley Apartments in Alexandria, Virginia for $50.1 million.

The acquisition marks Westside’s entry into the Atlanta commercial real estate market

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.55 million sale of an 11-unit apartment property located at 366 Walnut Avenue in the Alamitos Beach submarket of Long Beach and just one block from Fourth Street/Retro Row.

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