The 408-unit Tempe Metro Apartments will be renamed “The Access”

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.5 million sale of an 11-unit apartment property located at 917 6th Street in Santa Monica, CA. The property, which sold for $500,000 per unit, is situated just north of Wilshire Boulevard in one of the most desirable rental areas of Santa Monica, and is just two blocks from the shopping and dining amenities along Montana Avenue.

Berkadia announces it has arranged the refinancing of Vista Verde at Deerwood, a 208-unit garden-style apartment community in the Kendall submarket of Miami. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Senior Analyst Shannon Wilson of Berkadia Miami secured the financing on behalf of RILEA Group, a real estate management and development company based in Miami, Fla.

Berkadia announces it has arranged the sale of Westchase Forest, a 400-unit luxury apartment community in Houston, Texas. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth, and Senior Managing Directors Chris Curry and Todd Marix of Berkadia Houston represented the seller, Nimes Real Estate, a private real estate investment firm based in Beverly Hills, Calif.

Baltimore-based real estate investment and management company Continental Realty Corporation (CRC) has purchased its seventh multifamily community in North Carolina with the recent $36.5 million acquisition of 800 St. Marys Apartments, located at 800 St. Marys Street in the Glenwood South neighborhood of downtown Raleigh. Developed in 2020 by Selwyn Property Group and Southeast Apartment Investors, the 65-unit community of four-story elevator-serviced building and townhomes with attached garages was 95 percent leased at the time of this off-market transaction. Dean Smith of Newmark represented the seller.  Adam Randall and John Westby-Gibson of Newmark provided services to procure the financing through a loan with the Federal Home Loan Mortgage Corporation (Freddie Mac).

Middleburg Real Estate acquired Indigo Champions Ridge in Davenport, Florida

VIRGINIA BEACH, VA, July 25, 2022 — Armada Hoffler (NYSE: AHH) successfully completed the sale of The Residences at Annapolis Junction, a 416-unit suburban mid-rise apartment community in Howard County, Maryland for $150 million. The transaction closed on July 22, 2022.

SAN FRANCISCO, CA – JLL Capital Markets announced today that it has arranged $94.3 million in construction financing for a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill, California.

CHICAGO – JLL Capital Markets announced today that it has arranged the $59.8 million construction financing for 741 North Wells, a shovel-ready, 21-story, 168-unit, Class A multi-housing project with 3,580 square feet of retail in downtown Chicago.