Deal Name: FREMF

  StoneBridge Investments has paid $25 million, or $185,185/unit, for Beech's Farm, a 135-unit apartment property in the Baltimore suburb of Columbia, Md. The Washington, D.C., investment manager purchased the property from McDowell Properties in a deal brokered by CBRE. ...

Commercial Real Estate Direct Staff Report Sequoia Equities has paid $97.75 million, or $244,375/unit, for Carriages at Fairwood Downs, a 400-unit apartment property in Renton, Wash. The Walnut Creek, Calif., investment manager bought the property, at 15030 SE 179th St., ...

Commercial Real Estate Direct Staff Report Preferred Apartment Communities Inc. is offering for sale the 216-unit Stone Rise Apartments in the Philadelphia suburb of Glenmoore, Pa. ARA Newmark has the sales assignment. The property, at 900 Selwyn Place, about 39 ...

Mill Creek Residential has paid $35.5 million, or about $201,705/unit, for the 176-unit Island Club Apartments in the Baltimore suburb of Columbia, Md. The Dallas apartment developer purchased the property, at 5331 Columbia Road, from McDowell Properties, which also is ...

DSF Group has paid $148.5 million for La Rochelle, a 412-unit apartment property in New York's Westchester County. The Waltham, Mass., investment manager bought the property, at 255 Huguenot St. in New Rochelle, N.Y., from Hartz Mountain Industries Inc. in ...

Commercial Real Estate Direct Staff Report JRK Investors has paid $74 million, or 116,352/unit, for the 636-unit Montage Apartments in the Sacramento, Calif., suburb of Citrus Heights, Calif. The Los Angeles investment manager bought the 29-year-old property from FPA Multifamily ...

Brookline Investment Group has paid $40 million, or about $134,228/unit for Rosewood Plantation and Ivey Brook, two apartment properties with 298 units in the Atlanta suburb of Norcross, Ga. The Aliso Viejo, Calif., firm purchased the properties, which are a ...

White Eagle Property Group has paid $52 million, or about $211,382/unit, for Hawthorne at Gillette Ridge, a 246-unit apartment property in the Hartford, Conn., suburb of Bloomfield, Conn. The Monsey, N.Y., firm purchase the property, at 2 Francis Way, from ...

PNC Bank has provided $300 million of Freddie Mac financing against Franklin Park at Greenbelt Station, a 2,877-unit apartment complex in the Washington, D.C., suburb of Greenbelt, Md. The seven-year loan was used to defease another Freddie loan that had ...

Preferred Apartment Communities Inc. has paid $77.6 million for 474 apartment units and 47,592 square feet of retail and office space at Lenox Village, a large housing development in Nashville, Tenn. The Atlanta REIT, which was formed four years ago ...