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Commercial Real Estate Direct Staff Report TruAmerica Multifamily has recapitalized the 192-unit Runaway Bay Apartments in Pinellas Park, Fla., by bringing in Townsend Group as partner in the property—replacing RSE Capital Partners—in a deal valued at $30.4 million, or $158,333/unit. ...
Commercial Real Estate Direct Staff Report Avanath Capital Management has paid $220 million, or $328,849/unit for two neighboring apartment properties with 669 units in Los Angeles. The Irvine, Calif., investment manager purchased the 326-unit Santa Rosalia Apartments at 4220 Santa ...
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