Property Acquisitions and Dispositions
Commercial Real Estate Investment Firm Plans to Spend Close to $4 Million to Renovate the Property
Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $2.4 million sale of an eight-unit apartment property located at 1066 Coronado Avenue in Long Beach, CA.
The 198-unit Accent 2050 is Miami firm’s third multifamily investment in Georgia since August
JLL Capital Markets announced today that it has closed the sale of the 150-unit Residence at SouthPark multi-housing property located at 4300 Sharon Rd. in the SouthPark submarket of Charlotte.
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Legends of Chatham apartments in Savannah, Ga.
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 3782 & 3792 Palos Verdes Street Apartments for $1,010,000 ($84,167/unit). This sale consisted of 12 multifamily units located at 3782 & 3792 Palos Verdes Street in Las Vegas, Nevada.
Kiser Group, Chicago’s leading multifamily brokerage firm, advised The 1319 West Sherwin Condominium Association through a Section 15 deconversion sale. Located at 1319-27 W. Sherwin, the 28-unit Rogers Park building sold for $3,500,000. Advisors Andy Friedman, Jake Parker, Danny Logarakis and Rick Ofman represented the buyer, a private investor, and association.
Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announces the $19.7 million acquisition of White Pines Apartments, a 123-unit community in Shakopee, Minnesota and the $15.3 million acquisition Margate on Cone, a 233-unit community in Greensboro, North Carolina.
Electra Capital, a boutique lender specializing in capital solutions for the multifamily industry, announced today that it has originated a $43 million bridge loan for sponsor Three Pillars Capital Group’s acquisition of two apartment communities in Houston, Texas.
