Blackstone Real Estate Income Trust has struck a deal to $51 billion in cash for a portfolio of 678 affordable-housing properties with 83,000 units from American International Group The transaction is scheduled to be completed by the end of the year...
Bridge Investment Group has paid $888 million, or $322,909/sf, for Parc Roundtree Ranch, a 275-unit apartment property in Peoria, Ariz The Salt Lake City investment manager purchased the property from its developer, Evergreen Devco Inc of Phoenix,...
Dallas Morning News Barvin has lined up $579 million of acquisition financing for its purchase of the NOVEL Bishop Arts residential property in Dallas A fund managed by Barings Real Estate of Hartford, Conn, was the lender Barvin, a Houston...
Commercial Real Estate Direct Staff Report Prime US REIT has paid $146 million, or $49270/sf, for the 296,327-square-foot Sorrento Towers office property in San Diego The Singapore company bought the two-building complex from Shorenstein Properties,...
Multi Housing News Holland Partners is welcoming its first tenants to Volta on Pine, a 271-unit apartment property in Long Beach, Calif The eight-story complex is at 635 Pine Ave, about 24 miles south of Los Angeles and within walking distance of...
New Jersey Herald Blue Diamond Equities LLC has paid $225 million, or about $222,772/unit, for the 101-unit Merriam Gateway Apartments in Newton, NJ The Freehold, NJ, company bought the property from an undisclosed seller that had owned it since...
Peak Capital Partners has paid $59 million, or $219,330/sf, for the 269-unit Cielo Apartments in Fridley, Minn The Provo, Utah, investment firm purchased the property from Trident Development of Saint Cloud, Minn, which was represented in the deal...
Charlotte Business Journal EverWest Real Estate Investors has bought The Mint, a 178-unit apartment property in Charlotte, NC, for $641 million, or about $360,112/unit The Denver company purchased the seven-story complex, at 425 West Trade St, from...
Atlanta Business Chronicle A joint venture of 37th Parallel Properties and Apta Properties has paid $53 million, or about $220,833/unit, for the 240-unit Parkside Vista Apartments in Atlanta An affiliate of First Communities Management sold the...
Bisnow Carmel Partners Inc has paid $1523 million, or about $132,205/room, for the 1,152-room Washington Marriott Wardman Park Hotel in Washington, DC, at a foreclosure auction held this week The previous owner, Pacific Life Insurance Co, threw the...
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.
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