MCB Real Estate, a privately-held commercial real estate investment management and development firm, in joint partnership with Abide Capital Group, has acquired Harlow on Main, a 120-unit Class ‘A’ multifamily community situated at 195 East Main Street in downtown Columbus, Ohio from Homestead Companies for $16.5 million. Newmark’s George Skaff and Carter Stephens represented the seller of this property which was more than 86 percent leased at the time of the transaction and WesBanco provided project financing.

Berkadia, a distinguished leader in the commercial real estate sector, announced today that it arranged the sale and financing of WestEnd25 (the “Property”), a 283-unit LEED Gold-certified multifamily asset overlooking Rock Creek Park in Washington D.C.’s West End neighborhood, one of the city’s most prestigious submarkets.

CGI+ Real Estate Strategies has sold a shovel-ready, 4.86-acre multifamily development site in Torrance, CA to JPI for $40 million.

Berkadia, distinguished leader in the commercial real estate sector, announced today the sale of Addison Landing, a 289-unit multifamily community located in Jacksonville, Florida. Senior Director Greg Rainey, along with Berkadia Central & North Florida, led the transaction on behalf of the seller, WRH Realty of St. Petersburg, Florida. The property was acquired for an undisclosed price by Argyle Real Estate Capital of Tampa, Florida. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler, and Hugo Hernandez of Berkadia Boca Raton and Miami lined up financing for the buyers. 

The Dinerstein Companies will build the first BTR community in Bexley

Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of a 250-unit apartment community located in Villa Rica, Georgia, a western suburb of Atlanta. Formerly known as Hawthorne at Mirror Lake, the property will be renamed as part of a rebranding initiative aligned with extensive renovations and amenity enhancements.

JRK Property Holdings has added 684 units to its national multifamily portfolio after closing on apartment communities in Washington, DC and Los Angeles in separate transactions in excess of $315 million. 

WestEnd25, a 283-unit high-rise community in Washington, DC’s West End neighborhood, and Chase Knolls, a 401-unit garden-style community in Sherman Oaks, CA and were acquired through JRK’s $1B Platform 5 Fund, a multifamily value-add and core plus vehicle focused on high-quality assets built after 1990 that provide operational or physical repositioning opportunity.  Platform 5 is currently 32% invested. In the case of Chase Knolls, which had approximately half its units built in 1949, the acquisition was financed in a joint-venture with another JRK Fund, MF Opportunities III, a $200M vehicle that targets 1989 and older, value-add to core plus product. This was the first acquisition out of this vehicle.  

"Our team excels at identifying fundamentally sound, undervalued opportunities that offer the best attractive risk adjusted returns, which is how we came to acquire an older suburban garden-style community and luxury urban high-rise in the same Fund,” said JRK President Danny Lippman.   “It also marks our entry into Washington DC, a market we’ve tracked for many years and plan to continue to grow in.”