PXV Multifamily, formed late last year by Matt Ferrari, the former co-chief investment officer of TruAmerica Multifamily, has completed its first acquisition, paying $295 million, or $136,574/unit, for the 216-unit Village on the Green apartment...
An investment vehicle managed by BlackRock was the buyer of Camden Property Trust’s 11 California apartment properties with 3,609 units It paid $163 million, or $451,648/unit JLL Capital Markets arranged the deal, along with $5666 million in...
Commercial Real Estate Direct Staff Report Ladder Capital Corp has provided $415 million of mortgage financing against the 384,931-square-foot Meridian Mark office complex in the Indianapolis suburb of Carmel, Ind The loan, with a 679% coupon,...
American Landmark Apartments has acquired the 295-unit Tortuga Bayside apartment property in St Petersburg, Fla, for $613 million, or $207,797/unit The Tampa, Fla, investment manager bought the property, at 10475 Gandy Blvd North, from Arium Living,...
Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave in Manhattan’s midtown South has negotiated a forbearance agreement with the special servicer that’s handling the...
Multi-Housing News American Healthcare REIT has paid $1028 million, or $514,000/unit, for Avella at Almaden, a 200-unit seniors housing property in San Jose, Calif The Irvine, Calif, REIT acquired the property, at 4610 Almaden Expressway, from its...
Sack Capital Partners has paid $367 million, or $265,942/unit, for the 138-unit Terramonte at Foothill Apartments in Pomona, Calif, some 30 miles east of Los Angeles The San Francisco investment manager acquired the property from Positive...
Camden Property Trust has sold its 11 California apartment properties with 3,609 units for $163 billion, marking the company's exit from the state after 28 years...
Philadelphia Business Journal Fernmoor has lined up $85 million of financing for Mi-Place at Downingtown, a 318-unit residential community in Downingtown, Pa, about 36 miles west of Philadelphia Barings provided the loan, which was arranged by CBRE...
Marquee Capital has paid $51 million, or $21820/sf, for the 233,727-square-foot Merchants Square retail property in the Indianapolis suburb of Carmel, Ind The Milwaukee investment manager, founded in 2008 as the real estate arm of Marcus...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
