Property Acquisitions and Dispositions
Universe Holdings has acquired a 15-unit multifamily community in Inglewood, CA, for $3.8 million.
29th Street Capital (29SC), a privately-held real estate operator, has acquired Willows at Town Center Apartments, a 188-unit multifamily community located in Las Vegas, Nevada. 29SC plans to invest over $1.8 million in capital improvements. Interiors will receive stainless steel appliances, quartz countertops, plank flooring and refaced cabinets. All interior units will also be equipped with Nest Thermostats. Exterior improvements will focus on modern paint in addition to enhancing the pool area, fitness center and clubhouse to boost overall curb appeal.
DALLAS, TX – January 24, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of five seniors housing properties totaling 325 units across the southeastern United States.
WASHINGTON, D.C. – January 24, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $10.85 million in acquisition financing for 204 Grand Street, a six-story, 30-unit boutique apartment property in downtown Hoboken, New Jersey.
CHICAGO, IL – January 23, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $72 million in acquisition financing for a four-property, 860-unit/2,282-bed student housing portfolio located in Washington, Texas, Tennessee and Georgia.
TruAmerica Multifamily in partnership with Tokyu Land US Corporation has made its first investments in Georgia acquiring two Atlanta apartment communities in separate transactions totaling $127.35 million.
FLORHAM PARK, NJ – January 17, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $34.9 million sale of Park Square, a 159-unit, Class A apartment complex with nearly 6,000 square feet of ground-floor retail in downtown Rahway, New Jersey.
HOUSTON, TX – January 16, 2019 – HFF announces the sale and acquisition financing for Winding Trails, a 438-unit, garden-style apartment community in Southwest Houston.
CGI Strategies has acquired Parkwood Apartments, a 78-unit multifamily community in the Los Feliz neighborhood of Los Angeles for $20.15 million, capping an active 2018 in which the firm was involved in the development and acquisition of more than $100 million of multifamily assets in California and New York.
DALLAS, TX – January 14, 2019 – Holliday Fenoglio Fowler, L.P. (“HFF”) announces the sale and financing of three Class A seniors housing properties totaling 253 units in suburban Seattle and Northern California.