Property Acquisitions and Dispositions
Buyer Mill Creek Residential plans to build a 36-story, 428-unit apartment high-rise on the property at 230 SW 2nd Avenue
Greystone, a leading national commercial real estate finance company, has provided a $17,592,000 Freddie Mac Optigo® Targeted Affordable Housing (TAH) loan to acquire a 168-unit affordable housing property in Fort Walton Beach, Florida. The loan was originated by Carter King in Greystone’s Atlanta office, on behalf of The Hallmark Companies, Inc.
A joint venture between Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager focused on the value-add multifamily space, and Promecap a leading private equity firm based in Mexico City, has acquired two apartment communities in the Dallas-Fort Worth Metro area: the 466-unit Enclave at Prestonwood and 492-unit Residences at Mesa Ridge. Both assets were acquired by EPC Promecap Multifamily Partners V, LLC (“Fund V”), a newly launched multifamily investment vehicle targeting the acquisition of approximately $1.2 billion in income-producing, value-add properties in high-growth Sun Belt markets.