property type: Multifamily

A venture of PCCP and Alliance Residential Co. has paid $65.3 million, or $354,891/unit, for the 184-unit Hawthorne apartment property in Riverside, Calif. The seller was a venture of Carlyle Group and Brandywine Homes, according to a report in Multi-Housing ...

Commercial Real Estate Direct Staff Report An affiliate of Rreef America has paid $81.6 million, or $293,525/unit, for the 278-unit Alta Rise apartment property in Gilbert, Ariz. Rreef, an affiliate of Deutsche Wealth Management, acquired the property from its developer, ...

ACRE has provided $351 million of debt financing against a portfolio of eight apartment properties with 1,573 units owned by a venture led by Harbor Group International. The loan facility was arranged by Walker & Dunlop. The portfolio that backs ...

Crain's Chicago Business DRA Advisors has paid $95 million, or $279,411/unit, for Enclave at 127th, a 340-unit apartment property in Plainfield, Ill. The New York investment firm acquired the property, at 23760 West 127th St., from JVM Realty, which bought ...

Charlotte Business Journal Harbor Group International has paid $55.5 million, or $233,193/unit, for Chronicle Mill, a 238-unit apartment complex in the Charlotte, N.C., suburb of Belmont, N.C. The Norfolk, Va., investor purchased the property from Armada Hoffler Realty Trust of ...

Citybiz Brixton Capital has acquired Allura Las Colinas, a 288-unit apartment complex in Irving, Texas. The seller and purchase price were not disclosed. JLL Capital Markets brokered the deal. The property, at 6445 Love Drive, serves a collateral for a ...

David Brecher, chief executive of FM Home Loans, has paid $23.5 million, or $192,623/unit, for the 122-unit apartment building at 1000 Ocean Parkway in the Midwood area of Brooklyn, N.Y. Brecher, who founded FM Home Loans in 1999, previously headed ...

Atlanta Business Chronicle UAC Investments II LLC has paid $15.6 million, or $100,000/unit, for Avondale Reserve Apartment Homes, a 156‑unit complex in Avondale Estates, Ga., about nine miles east of Atlanta. The Charlotte, N.C., company purchased the property from an ...

Crain's Chicago Business Lendlease is offering for sale Cooper at Southbank, a 452-unit apartment property in Chicago's South Loop neighborhood. The Australian developer hired CBRE to market the 29-story property at 720 South Wells St. Cooper at Southbank was built ...

The appraised value of a 738-unit apartment property in suburban Cleveland, which was financed with a $53 million CMBS loan just two years ago, has been reduced by just more than 84%, to only $18.1 million.