Property Acquisitions and Dispositions
CHARLOTTE, NC – November 5, 2018 – HFF announces the sale and financing of Southpoint Glen, a 346-unit, suburban, garden-style apartment community in Durham, North Carolina.
CHARLOTTE, NC – November 5, 2018 – HFF announces the $73.92 million sale of and acquisition financing for Weston Corners, a newly built, 308-unit, mid-rise multi-housing community in Cary, North Carolina.
Plantation and Royal Palm Beach, Fla. – ,
Plano, Texas – American Landmark,
MIAMI, FL – November 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale and financing of a three-property apartment portfolio totaling 1,048 units in the high-growth submarkets of Broward and Pinellas Counties in Florida.
PORTLAND, OR – November 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $84.3 million sale of and acquisition financing for Arbor Creek, a 440-unit, garden-style apartment community in Beaverton, Oregon.
Greystone Brown Real Estate Advisors announced it has closed the $22,350,000 sale of Wildcreek Apartments, a 242-unit multifamily property in Clarkston, GA. Greystone Brown acted for both parties in the transaction, advising the seller, Tudor McLeod Asset Management, as well as the buyer, Two Water Capital. The transaction, which closed on October 2, 2018, was handled by Chandler Brown, Taylor Brown, and Bo Brown.
Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 17 buildings in October throughout Woodlawn, South Shore and Bronzeville. Senior Director Noah Birk and Director Aaron Sklar focus their brokerage efforts throughout Chicago’s south side neighborhoods.
29th Street Capital (29SC), a privately-held real estate operator, has acquired Cali Sommerall Apartments, a 368-unit multifamily community located in the Copperfield/Bear Creek submarket of Houston. 29SC plans to invest over $2 million in capital improvements. Apartments will receive new granite countertops, a modern paint scheme, hardware and fixtures. New amenities will include a package locker delivery system, a dog park, fitness equipment and grilling stations. Renovations are planned for the clubhouse, leasing office, pool and surrounding areas. The new owners will also rebrand the community with a new name, logo and signs.
HOUSTON, TX – October 29, 2018 – HFF announces the sale of The Edge at City Centre, a 284-unit, garden-style multi-housing community near the Texas Medical Center in Houston, Texas.