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property type: Multifamily

Verve Commerce Center

Ares Management Corp. has paid $64.7 million, or $227.82/sf, for Verve Commerce Center, a two-building industrial property with 284,000 square feet in Broomfield, Colo., a northern suburb of Denver. The Los Angeles investment manager acquired the property from its developer, ...

Hadley Germantown

The NHP Foundation has paid $53.7 million, or $246,330/unit, for Hadley Germantown, a 218‑unit affordable-housing complex in Germantown, Md., about 25 miles northwest of downtown Washington, D.C. The New York nonprofit acquired the apartment property from Elme Communities, a Bethesda, ...

Towns at Eastland and Crossings at NoDa

Miramar Capital has paid $55.8 million, or $315,254/unit, for a pair of build‑to‑rent townhome communities with a total of 177 units in Charlotte, N.C. The Los Angeles investment firm purchased the properties from Hopper Communities of Charlotte. The properties are ...

Villages at Canterfield

To facilitate the latest deal, Berkadia provided a $63.7 million Freddie Mac loan. That takes out a $68.1 million loan that's securitized through AREIT Ltd., 2022-CRE6, a collateralized loan obligation. The previous loan paid a 9.9% coupon and was set ...

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