Commercial Real Estate Direct Staff Report A venture of Brick Lane and National Property REIT Corp. has paid $82 million, or $113,573/unit, for the 722-unit Valora at Homewood apartment property in Birmingham, Ala. Lurin, a Dallas real estate investment company, ...
Dallas CityBizList A venture of Arch Cos. and Drake Real Estate Partners has bought the 486-unit Park at Forestdale apartment property in Birmingham, Ala. The deal was financed with a Fannie Mae loan from Arbor Realty Trust. Terms of the ...
Moretti at Vulcan Park apartments Walker & Dunlop originated a $23.3 million Freddie Mac loan to help fund ApexOne's acquisition. The fixed-rate loan has a 10-year term and requires only interest payments for the first five years, after which it ...
Commercial Real Estate Direct Staff Report Carter Multifamily has paid $26.7 million, or $111,250/unit, for the 240-unit Summerchase at Riverchase apartment property in Hoover, Ala. The Tampa, Fla., company bought the property from TriBridge Residential of Atlanta. Cushman & Wakefield ...
Commercial Real Estate Direct Staff Report Nationwide Life Insurance Co. has provided $26 million of financing against the 336-unit Crowne at Grandview apartment property in Birmingham, Ala. The loan allowed the property's owner, Crowne Partners Inc. of Birmingham, to retire ...
Commercial Real Estate Direct Staff Report ApexOne Investment Partners has paid $31 million, or $229,630/unit, for the 135-unit Moretti at Vulcan Park apartments in the Birmingham, Ala., suburb of Homewood, Ala. The Houston real estate investment manager bought the complex ...
Kenzie apartment property Saxony Capital assumed an $11.8 million Freddie Mac loan that is securitized through FREMF, 2017-KW02. The interest-only loan pays a coupon of 3.84 percent and matures in July 2025.
Commercial Real Estate Direct Staff Report Saxony Capital Management has paid $21 million, or $98,592/unit, for the 213-unit Kenzie apartment property in Birmingham, Ala. The Dallas company acquired the property from FPA Multifamily, a San Francisco investment manager that bought ...
Vazza Real Estate Group has bought the 268-unit Park at Sunderland apartment complex in Birmingham, Ala., for $20.1 million, or $75,000/unit. The Quincy, Mass., real estate company purchased the property from Blue Magma Residential, which was represented by Berkadia. Park ...
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