Property Acquisitions and Dispositions

DALLAS – JLL Capital Markets announced today that it has closed the $58.3 million construction financing for The View at Sapphire Bay, a Class A, 394-unit, mid-rise multi-housing community located on the shore of Lake Ray Hubbard in Rowlett, Texas.

ATLANTA, May 12, 2022 – JLL Capital Markets announced today that it has closed sale of Accent Edgewood, a 236-unit, Class A, mid-rise, lease-to-core multi-housing asset in the Wedgewood-Houston neighborhood of Nashville, Tennessee. 

WASHINGTON, D.C. – JLL Capital Markets announced today that it has arranged the $19.45 million in acquisition financing for River Bay Townhomes, a 173-unit, value-add multi-housing community in Lexington Park, Maryland.

PHOENIX, May 9, 2022 – JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $372.6 million for a 10-property, 2,549-unit multi-housing portfolio located across Arizona and Texas.

MORRISTOWN, NJ – JLL Capital Markets announced today that it has closed the $78 million refinancing of The Current on River, a 254-unit, newly constructed multi-housing community in Hackensack, New Jersey.

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for City Heights Hoover, a 160-unit multifamily community located in the Hoover suburb of Birmingham.  

Universe Holdings has acquired Woodland Manor, a 40-unit multifamily community in Ventura, CA, in an off-market transaction for $14.55 million. Built in 1969, the property offers 38 two-bedroom, two-bath apartments in a central location in the Southern California seaside town.

TruAmerica Multifamily has acquired Cannon Oaks, a 230-apartment home community located just seven miles from downtown Austin. 

Greystone, a leading national commercial real estate finance company, has provided a $33,717,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the acquisition of a 324-unit multifamily property in Jonesboro, Arkansas. The financing was originated by Eric Rosenstock and Dan Sacks, Co-Managing Directors in Greystone’s New York office, on behalf of CLK Properties.

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