Property Acquisitions and Dispositions
Fort Lauderdale, Fla. (August 1, 2019) – Franklin Street arranged the sale of two apartment properties totaling 22 units located just a few miles north of downtown Fort Lauderdale, Fla. The properties – Villas on 18th in Fort Lauderdale and Lanai Apartments in nearby Oakland Park – were brokered by the Franklin Street multifamily investment sales team of Dan Dratch, Greg Matus and A.J. Stanford.
Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.86 million sale of a value add 11-unit apartment property located at 2121 Long Beach Blvd. in the South Wrigley submarket of Long Beach.
TruAmerica Multifamily, which owns and operates nearly 2,000 multifamily units in Phoenix AZ, has acquired Covington Park, a 520-unit garden-style apartment community for $77.26 million.
TruAmerica Multifamily, which owns and operates nearly 2,000 multifamily units in Phoenix AZ, has acquired Covington Park, a 520-unit garden-style apartment community for $77.26 million.
PORTLAND, ORE., July 31, 2019 – JLL announces that it has closed the $58 million sale and $37.7 million financing of Tupelo Alley, a mixed-use community with 188 apartments units and 10,000 square feet of retail in the heart of the North Mississippi Avenue neighborhood in Portland, Oregon.
CHARLOTTE, N.C., July 31, 2019 – JLL announces it has closed the sale of Novel NoDa, a 344-unit, mid-rise apartment community in Charlotte, North Carolina.
MIAMI, July 30, 2019 – JLL announced today that it has closed the $30.3 million sale of The Gardens at Nova, a 140-unit, value-add multi-housing community in Broward County, a prime suburban growth market in South Florida.
Commercial Real Estate Investment Firm Has Acquired More Than 2,300 Units in the Last 18 Months