Property Acquisitions and Dispositions

SAN DIEGO, CA – December 5, 2018 – HFF announces the $4.4 million sale of 326-340 Palomar Avenue, an eight-unit, garden-style apartment community in La Jolla, California.

DALLAS, TX – December 5, 2018 – Holliday Fenoglio Fowler, L.P. (“HFF”) announces a joint venture equity raise for the acquisition of two adjacent apartment communities in Dallas, Texas, totaling 712 units – Emory at Horizon North and Ashmore at Horizon North.

HOUSTON (December 3, 2018) – Berkadia has arranged the sale and financing of Broadstone Sierra Pines, a 341-unit garden style asset located in The Woodlands area of Houston. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Alliance Residential Company, a real estate investment firm based in Phoenix. Senior Managing Director Tucker Knight and Director Nicholas Murphy of Berkadia’s Houston office arranged the loan on behalf of the buyer, Olympus Property, a Fort Worth based full service multifamily investment and property management organization with 17,000 units across 10 states

CHARLOTTE, NC – December 3, 2018 – HFF announces the sale of Stonehenge Apartments, a 452-unit, garden-style multi-housing community in the North Raleigh submarket of Raleigh, North Carolina.

Centennial, Colo. – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Southglenn Place Apartments, a 135-unit multifamily community located in Centennial, Colorado. 29SC plans to invest over $1.6 million in capital improvements. 

CHARLOTTE, NC – November 28, 2018 – HFF announces the sale and financing of an eight-property multi-housing portfolio totaling 2,883 units in various high-growth submarkets within North Carolina’s Research Triangle.

SAN ANTONIO/CHICAGO –National multifamily real estate company LYND led the acquisition of two Illinois apartment communities that will provide quality and safe housing for American military veterans.  The transaction further expands the Texas-based firm’s footprint in and around the Chicago metropolitan area.    

Nashville, Tenn. – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Verse on Bell, a 336-unit garden-style asset in Antioch to be renamed Lyric on Bell. The acquisition punctuates American Landmark’s re-entry into the Tennessee multifamily market, following historically successful multifamily investments in the state. The property was 95 percent occupied at the time of purchase.

Broker represents seller in transaction involving 57 apartments in emerging Miami neighborhood

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