Property Acquisitions and Dispositions
October 4, 2018 – AUSTIN, TX – Wildhorn Capital, LLC a leading multifamily investment firm in Central Texas markets, has successfully completed the acquisition of Bitterwood Ranch Apartments and Fifth Avenue Apartments. These two apartment properties are located in San Antonio’s north central district and total 388 units. Both assets, located north of I-410, are within a fast growing pocket characterized by strong upward trends in employment, dining and retail.
CHICAGO, IL – October 3, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for River’s Cove Apartments, a 112-unit multi-housing community in the Milwaukee suburb of Germantown, Wisconsin.
NORTHCAP COMMERCIAL DIRECTS $60.3 MILLION LAS VEGAS MULTIFAMILY ACQUISITION
Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Steward’s Crossing, a 240-unit multi-housing community in Lawrenceville, Mercer County, New Jersey.
PHILADELPHIA, PA – October 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $42.5 million sale of Stone Rise, a 216-unit, Class A multi-housing community in the Philadelphia suburb of Glenmoore, Pennsylvania.
CHICAGO, IL – October 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Springs at Jordan Creek, a 160-unit, Class A apartment community in West Des Moines, Iowa.
BOSTON, MA – October 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Chelsea Place, a LEED Silver, transit-oriented apartment community located just outside of Boston in Chelsea, Massachusetts.
Greystone Brown Real Estate Advisors announced it has closed the $51,744,000 sale of Avocet Apartments, a 336-unit multifamily property in San Antonio, TX. Greystone Brown acted for both parties in the transaction, advising the seller, Stone River, as well as the buyer, Benimax. The transaction, which closed on September 5, 2018, was handled by Taylor Brown, Steve Mack, and Bo Brown.
29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired River Blu Apartments, a 417-unit multifamily community located in the La Riviera submarket of Sacramento. 29SC plans to invest approximately $4.3 million in capital improvements focusing primarily on unit renovations, clubhouse upgrades and amenity enhancements. Kitchens will get stainless steel appliances, vinyl flooring and upgraded cabinets. Bathroom upgrades are expected as well.
Midland, Texas – Berkadia has arranged $21.75 million in acquisition financing for Anatole on Briarwood, a 250-unit garden style community located in Midland. Senior Managing Director Tucker Knight and Director Nicholas Murphy of Berkadia’s Houston office arranged the loan on behalf of Olympus Property, a full-service multifamily investment and property management organization headquartered in Fort Worth.