Property Acquisitions and Dispositions

Kiser Group, Chicago’s leading multifamily brokerage firm, represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43 million, 188-unit off-market deal. Kiser Group’s Principal and Managing Broker Lee Kiser represented both parties in the transaction.

San Diego-based Tower 16 Capital Partners has acquired two properties across two separate transactions totaling 508 units in Phoenix, Ariz., for a total of $78.5 million. Banyantree Apartments, a 232-unit multifamily property located in Phoenix, Ariz., was acquired for $36.5 million. Banyantree was built in 1973 and has been owned and operated by a private family for nearly 30 years. Solano Pointe Apartments, a 276-unit multifamily property located in Glendale, Ariz., was acquired for $42 million. Solano Pointe was built in 1983 and was secured on an off-market basis. 

This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of Palm Street and Angeles Apartments for $1,650,000 ($68,750/unit). This sale consisted of 24 units located at 108 E. Coogan Drive and 1633 Palm Street in Henderson, Nevada.

Greystone Brown Real Estate Advisors Handles $36.3 Million Sale of Marietta Asset

JLL Capital Markets announced today that it has arranged $37.308 million construction financing for the development of Kite House at The Parks at Walter Reed, a 109-unit condominium development with 11,000 rentable square feet of ground-floor retail in Washington, D.C.

Berkadia announces it has arranged $10.7 million in financing for the acquisition of Lago Mar, a 112-unit multifamily community in Hialeah, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia Boca Raton secured the financing on behalf of Rental Asset Management (RAM), a real estate investment firm based in Fort Lauderdale, Florida.

JLL Capital Markets announced today that it has closed the $81 million sale of Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community in Norwalk, California. 

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