Property Acquisitions and Dispositions
Robbins Property Associates, one of the fastest-growing multifamily owner-operators in the Southeastern U.S., has announced its sixth Florida acquisition since the fourth quarter of 2017: Aventine at Boynton Beach, a 216-unit apartment community located in Boynton Beach, FL. It will be renovated and rebranded as “Verona at Boynton Beach.”
Gainesville, Fla. – Berkadia announces it has arranged $15.5 million in acquisition financing for Aviara, a 242-unit multifamily asset in Gainesville, Florida. Berkadia South Florida’s Senior Managing Director Charles Foschini and Managing Director Christopher Apone arranged the loan on behalf of Beachwold Residential, a real estate investment firm based in New York City, along with John Reed of Berkadia’s Richmond, Virginia office. Berkadia’s Jacksonville-based Investment Sales team led by Greg Rainey arranged the sale of the property.
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, completed its first four acquisitions of 2018 with the closing of the NW Indy Portfolio in Indianapolis, Indiana. The 1,426-unit, Class C and B-minus portfolio has been reorganized into three properties renamed Ashford Georgetown, Ashford Meridian Hills, and Creekside at Meridian Hills.
American Landmark one of the fastest-growing multifamily owner-operators in the country, has added Matthews Crossing Apartments to its rapidly expanding portfolio of suburban apartment communities. The 460-unit apartment complex, built in two phases during the 1980s and 1990s, will be the ninth American Landmark property in the Charlotte area. It will be renamed “The Madison.”
JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired The Landing at Briarcliff (The Landing), a 340-unit luxury apartment community in the prestigious Briarcliff master-planned development in Kansas City, Mo. JVM Management will manage the community.
Berkadia announces it has arranged a $20.261 million refinance loan for Southgate Landing, a 256-unit apartment community in Louisville, Kentucky. Berkadia South Florida’s Senior Managing Director Charles Foschini and Managing Director Christopher Apone arranged the loan on behalf of CAPREIT.
Greystone Brown Real Estate Advisors announced it has closed on the sale of Presidential Tower, one of Atlanta’s most recognizable commercial buildings known for its cylindrical shape. The property was sold by Hays Financial Consulting LLC to Peacock Partnership, Inc., and was represented by Taylor Brown of Greystone Brown.
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CHARLOTTE, N.C. – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has added Matthews Crossing Apartments to its rapidly expanding portfolio of suburban apartment communities. The 460-unit apartment complex, built in two phases during the 1980s and 1990s, will be the ninth American Landmark property in the Charlotte area. It will be renamed “The Madison.”