property type: Multifamily

Multi-Housing News Investors Real Estate Trust has bought the 465-unit Parkhouse Apartment Homes in Thornton, Colo., for $144.8 million, or $311,397/unit. The Minot, N.D., REIT, commonly referred to as IRET, purchased the 20-building complex from Starlight Investments, which had acquired ...

REBusiness Online Abacus Capital Group has sold the 126-unit Davenport Apartments in Sacramento, Calif., for $22.5 million, or $178,571/unit. CBRE brokered the deal on behalf of the seller. The buyer was not identified. Abacus Capital, a New York real estate ...

FCP has partnered with Tides Equities to pay $77 million, or $149,515/unit, for the 515-unit Solara at Mill Ave. apartments in Tempe, Ariz. The property, at 3730 South Mill Ave., becomes the second in Tempe that FCP has invested in ...

The principals of Landmark Real Estate have joined forces with investment manager Isle Ranch Partners to form RanchHarbor, which will pursue middle-market apartment properties in the western United States. It will target value-add properties capitalized at up to $50 million ...

Praedium Group has paid $90 million, or about $233,766/unit, for Liv North Valley, a 385-unit apartment property in Phoenix. The luxury property, at 31113 North Valley Parkway, opened last year and was developed by a venture of the Rockefeller Group and ...

Berkadia has originated $34.19 million of Freddie Mac financing and arranged an $11.2 million equity investment from a client to help fund One Real Estate Investment's $45.69 million purchase of two apartment properties with 597 units in suburban New Orleans. ...

Jacksonville Business Journal Affiliate of Topaz Capital Group has paid $18.75 million, or about $86,806/unit, for the 216-unit Planters Walk Apartments in Jacksonville, Fla. The New York company bought the property, at 7350 Blanding Blvd., from affiliates of Creative Realty ...

FCP has sold the 234-unit North Pointe apartment complex in the Washington, D.C., suburb of Hyattsville, Md., for $37.5 million, or $160,256/unit. The Chevy Chase, Md., investment manager sold the 19-building property to a venture of Firm Capital Apartment REIT ...

REBusiness Online Gelt Inc. has bought from an undisclosed seller the 164-unit Silverwood Apartments in Gresham, Ore., for $30 million, or $182,926/unit. The Los Angeles investment company will rebrand the 32-building complex, upgrade unit interiors and renovate its amenities. Silverwood ...

Tampa Bay Business Journal Terra Financial Solutions has acquired Courtyards on the River, a 296-unit apartment property in Tampa, Fla., for $23 million, or about $77,703/unit. An unidentified Broward County, Fla., investor sold the property, at 8412 Rio Bravo Court. ...