Property Acquisitions and Dispositions

Marcus & Millichap (NYSE:MMI), today announced the sale of one of Tampa, Florida’s most distinguished architectural landmarks, The Mirasol, a luxury 58-unit apartment community. The property sold for $10,375,000, which equates to approximately $180,000 per unit.

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged the $136.5 million sale of The Residence Buckhead Atlanta, a 370-unit, luxury high-rise apartment community situated within the Buckhead Atlanta mixed-use development in Atlanta, Georgia.

Abode Properties is pleased to announce it successfully assumed the HUD ensured loan associated with the Metropolitan apartments in Little Rock, Arkansas, and are now the owners and operators. Metropolitan is a luxury 260 unit mid-rise community featuring one, two, and three bedroom units. The community provides an upscale, urban living experience with alluring riverfront and downtown views.

Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("BRG" or the "Company") announced today that it has closed on the sale of its Springhouse Apartment Homes property ("Springhouse"), located in Newport News, Virginia. The property, which encompasses 24 two-story apartment buildings, 413 apartment rental units and 28 acres, sold for $38.2 million, generating an internal rate of return of approximately 17% on BRG's equity investment in the project, for a return on equity of 1.8x. The Company acquired the property in 2009.

Greystone, a real estate lending, investment and advisory company, today announced it has provided $49,404,000 in Freddie Mac (OTCQB:FMCC) loans to refinance two assisted living and memory care facilities in Carmichael, CA and Denver, CO. Scott Kavel and Cary Tremper, Managing Directors at Greystone, originated the separate loans.

$7.5 Million in Fannie Mae Financing Closed in Just 24 Days

PHILADELPHIAJune 27, 2016 -- GoldOller Real Estate Investments announced its acquisition of Westhaven at Vinings Apartments in metropolitan Atlanta. This is GoldOller's tenth apartment acquisition in the Atlanta area since 2012 and brings GoldOller's Atlanta apartment portfolio to more than 3000 units.

Marcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has arranged the sale of Montage Apartments, a 636-unit garden-style multifamily community located in Citrus Heights, California. The $74 million sales price equates to more than $116,000 per unit.

Madison Realty Capital (MRC), an institutionally-backed real estate investment firm focused on real estate equity and debt investments in the middle markets, announced the sale of 265-267 South 2nd Street, a multifamily rental property in Williamsburg, Brooklyn, for $22.4 million.  MRC acquired the 6-floor, 35-unit, 22,800 square foot building for $9.7 million in April 2013 and embarked on a renovation and repositioning plan aimed at adding significant value.

The Bascom Group, LLC ("Bascom") has acquired Camden Village Apartments ("Camden Village"), a 192-unit garden style apartment community located at 38000 Camden Street, Fremont, California 94536.  The $63 million sale closed on June 24, 2016 and marks Bascom's 36th apartment acquisition in the past twelve months.  Stanford Jones, Salvatore Saglimbeni, and Philip Saglimbeniwith IPA were the brokers for the sale.  Brian Eisendrath and Annie Rice with CBRE arranged the $44.7 million loan with CIT Bank N.A.