The Bascom Group, LLC ("Bascom") has acquired Pebble Cove Apartments ("Pebble Cove"), a 90-unit garden-style apartment community located at 5101 O'Bannon Drive, Las Vegas, NV 89103. The $9.1 million sale closed on December 22, 2016. Patrick Sauter and Art Carll with NAI Vegas were the brokers for the sale. Erich Pryor and Tom Sherlock with Talonvest arranged the $8.46 million loan with TCF Bank. Since 2013, Bascom and its affiliates have acquired twenty-nine multifamily properties...
Sequoia announces the acquisition of Eddyline at Bridgeport, a 367-unit, Class-A mixed-use apartment building in Tualitin, Oregon. This acquisition increases the firm's Portland-based holdings to more than 2,100 units. Eddyline was completed with the LEED Silver certification in 2015. It is comprised of 320,505 rentable square feet in three residential buildings in addition to 22,414 square feet across 10 retail spaces. The community's...
Saban Real Estate (Saban), in partnership with Campus Advantage (CA), has completed the acquisition of nineteen student housing communities from American Campus Communities (ACC) in a transaction valued at $508 million. The 12,083-bed portfolio includes properties serving students at Penn State University, Michigan State University, Louisiana State University, University of Missouri, University of Indiana, University of South Carolina, University of...
Avesta Communities, in partnership with New York-based GRJ, has purchased "Arbors at Carrollwood", an apartment home community off Ehrlich Road in the Carrollwood neighborhood just north of Tampa. The Arbors is a 390-unit fractured condo community, which will be managed by Avesta's in-house property management division, Avesta Homes. Arbors at Carrollwood offers one to three-bedroom apartment homes, a swimming pool, a waterfall hot tub, an expansive...
TA Realty LLC, a leading provider of real estate investment management services to institutional and private investors, announced today that it acquired, on behalf of a separate account relationship with a state pension fund, Hanover at Vinnin Square, a 184-unit multifamily property in Swampscott, MA, for $67 million. The transaction marks the second property TA Realty has acquired on behalf...
