property type: Multifamily

Passco Cos. has paid $65 million, or $228,873/unit, for the recently completed Mill at New Holland, a 284-unit apartment complex in Gainesville, Ga. The Irvine, Calif., investment manager, a major player in the tax-deferred exchange market, bought the property from ...

PGIM Real Estate has provided a $222 million Fannie Mae credit facility against a portfolio of 10 senior-living facilities with 702 units purchased by a venture of Aegis Living and Blue Moon Capital Partners. The facility has a 10-year term ...

Commercial Real Estate Direct Staff Report C-III Capital Partners has paid $64 million, or $226,950/unit, for the 282-unit Celebration Pointe apartment property in Margate, Fla., about 20 miles northwest of Fort Lauderdale, Fla. The Irving, Texas, investment manager bought the ...

Knighthead Funding has provided $22.5 million of first-mortgage financing against the 16 unsold condominium units at the 49-unit BLVD luxury condo property in Sarasota, Fla. The loan was used by the property's developer, BLVD Sarasota LLC, an affiliate of Core ...

Multi Housing News Rreef America REIT II Inc., an affiliate of DWS Group, has paid $279.1 million, or $451,618/unit, for the 618-unit Hyde Square apartments in Bellevue, Wash. The Chicago REIT bought the property from Carmel Partners of San Francisco, ...

Rise48 Equity has paid $24.3 million, or $151,875/unit, for the 160-unit Pointe Vista Apartments in Phoenix. The Phoenix investor acquired the property from Univest Inc. of Newport Beach, Calif., which had purchased it in 2015 for $10.5 million. The latest ...

Dallas CityBizList Claridge Properties has bought Northshore Meadows, a 291-unit apartment property in Houston. The seller and purchase price were not disclosed. Berkadia brokered the deal. The property, at 333 Uvalde Road, was built in 1971 and has one-, two-, ...

Dallas CityBizList Broadshore Capital Partners has lined up $31.2 million of construction financing for Sovereign at Burleson, a 217-unit apartment property in Burleson, Texas. The five-building property is being built at 285 SE John Jones Drive, about 16 miles south ...

Commercial Observer Abramson Properties has paid $13.1 million, or $198.57/sf, for the 65,971-square-foot Waterfront I office building in Alexandria, Va. The Alexandria developer bought the vacant property, at 801 North Fairfax St., from Finmarc Management. Cushman & Wakefield brokered the ...

Dallas CityBizList Lument has provided $50 million of financing against a pair of apartment properties with a combined 532 units in Texas. The company, a subsidiary of ORIX Corp. USA, lent $40 million of Freddie Mac financing against the 432-unit ...