Property Acquisitions and Dispositions
Multifamily investment firm DB Capital Management has made its largest investment in Austin, TX with the acquisition of a three-property apartment portfolio totaling 422 units.
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 Camino 1107 Apartments for $3,510,000 ($97,500/unit). This sale consisted of 36 multifamily units built in 1963, located at 1075, 1089, 1107, 1121 E. Desert Inn Road in Las Vegas, Nevada.
Greystone Brown Real Estate Advisors announced it has closed the $31.7 million sale of a 257-unit affordable housing property in Marietta, Georgia. Greystone Brown represented buyer, Fillmore Capital Partners, with the seller of the property, Olive Tree Holdings, being a previous client of the firm’s. The transaction was handled by Taylor Brown, Chandler Brown, Cory Caroline Sams, Barden Brown, and Bo Brown of Greystone Brown Real Estate Advisors.
Tampa, Fla. (January 5, 2020) – Berkadia announces it has arranged a loan for the acquisition of Bainbridge Ybor City, a 240-unit luxury apartment community in the Ybor City National Landmark Historic District of Tampa, Fla. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia’s South Florida mortgage banking team secured a $41.37 million loan on behalf the sponsor, GMF Capital.
Los Angeles, Calif. January 26, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.2 million sale of a 22-unit apartment property located at 1315 W. 19th Street in Long Beach, CA.
Berkadia announces it has arranged the sale of Citiscape at Essen, a 299-unit multifamily asset in Baton Rouge, Louisiana. Senior Managing Director Ryan Epstein of Berkadia’s Houston office along with Managing Director Gregg Cordaro of Berkadia’s Baton Rouge office, listed the property on behalf of the seller, Ojala Partners, LP. The Medve Group was the buyer.
Berkadia announces it has arranged the sale of Northshore Meadows, a 291-unit multifamily community in Houston. Senior Managing Director Ryan Epstein, Director Jennifer Ray and Associate Director Scott Bray of Berkadia’s Houston office represented the seller and the buyer, Claridge Properties.
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 Pinehurst Condominiums for $27,278,000 ($138,467/unit). This sale consisted of 197 condominium units located at 6650 W. Warm Springs Road in Las Vegas, Nevada.