Transactions: Page 3
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ribeirorocha via Getty Images
2025 Outlook3 reasons deal flow will increase in 2025
With capital waiting and new assets hitting the market, transactions should get a boost this year.
By Leslie Shaver • Jan. 13, 2025 -
Permission granted by Candela
DEALS + STARTSCityview acquires Los Angeles property for a reported $36M
The California-based firm bought Candela at a price “significantly below replacement cost,” according to CEO Sean Burton.
By Leslie Shaver • Jan. 9, 2025 -
Permission granted by CP Capital
DEALS + STARTSCP Capital makes Boston-area deal
In the just-announced transaction, the New York City-based real estate investment manager sold Hathon, a 190-unit apartment community in Medway, Massachusetts.
By Leslie Shaver • Jan. 6, 2025 -
Permission granted by CF Capital
DEALS + STARTSCF Capital buys 314 Indy units for $50M
The firm assumed in-place Freddie Mac financing to purchase the partially renovated Island Club Apartments, where it plans to invest $2.8 million in upgrades.
By Leslie Shaver • Jan. 2, 2025 -
unkas_photo via Getty Images
Starts fall dramatically
Completions rose 13.6% year over year, markedly lower than the 61% YOY increase in October, while permits jumped.
By Leslie Shaver • Jan. 2, 2025 -
Sundry Photography via Getty Images
MSCI: Apartment sales jump 40%
Buoyed by Blackstone’s purchase of AIR in June, 2024 apartment sales exceeded 2023’s totals.
By Leslie Shaver • Dec. 19, 2024 -
Ivelin Denev via Getty Images
Investcorp acquires 4 student assets for $300M
The properties, which encompass more than 2,500 beds, are located at major schools in Texas, Kentucky and Oklahoma.
By Leslie Shaver • Dec. 19, 2024 -
Permission granted by Walker & Dunlop
Mesirow makes $185M San Diego acquisition
The purchase of the 410-unit Preserve at Melrose is the area’s second-largest deal of the year.
By Leslie Shaver • Dec. 18, 2024 -
Colleen Michaels via Getty Images
Canyon raises $1.2B investment vehicle
CRED III will target real estate debt investments and real estate credit securities across the U.S.
By Leslie Shaver • Dec. 13, 2024 -
Nafiz Rahat via Getty Images
508-unit NYC building likely to head to servicing
The property, 180 Water St., has a $265 million loan that originated in 2019 and an additional $100 million in mezzanine debt.
By Leslie Shaver • Dec. 10, 2024 -
Permission granted by TF Cornerstone
Dune, TF Cornerstone create $1B conversion venture
The firms formed Alta Residential, which will convert office buildings to residential uses in cities with high barriers to entry.
By Leslie Shaver • Dec. 9, 2024 -
Permission granted by Hudson Valley Property Group
Hudson Valley Property Group acquires 22-property portfolio
The firm purchased the 4,768 units, located in Washington, Colorado, California and Idaho, from Inland Group.
By Leslie Shaver • Dec. 9, 2024 -
franckreporter via Getty Images
Brookfield buys $845M portfolio from Blackstone
The firm purchased eight properties totaling more than 4,000 units from Blackstone Real Estate Income Trust.
By Leslie Shaver • Dec. 3, 2024 -
Courtesy of Knightvest Capital
DEALS + STARTSKnightvest lands 3 Texas deals
The firm continues to buy as it works out extensions with lenders on properties bought in 2021 and 2022.
By Leslie Shaver • Dec. 2, 2024 -
vkyryl via Getty Images
MSCI: Cap rates rise 20 bps this year
Apartment sales volume increased 18% YOY in October, while prices fell 6.1%.
By Leslie Shaver • Nov. 25, 2024 -
Courtesy of Fannie Mae
FHFA announces higher caps for Freddie, Fannie
The announcement comes as questions surround the future of GSEs under the incoming Trump administration.
By Leslie Shaver • Nov. 21, 2024 -
Courtesy of Gilbane
DEALS + STARTSGilbane, CBRE partner on student housing portfolio
The initial transaction includes three existing properties and three in development across six Power Four schools.
By Mary Salmonsen • Nov. 20, 2024 -
tntemerson via Getty Images
Multifamily inches down to $14.2B in distress
Despite a staggering amount of troubled properties, a number of reports point to an improving landscape.
By Leslie Shaver • Nov. 19, 2024 -
Permission granted by AvalonBay Communities, Inc.
AvalonBay expands build-to-rent operations, plans future acquisitions
The company expects to find opportunities in its Texas, North Carolina and Colorado markets.
By Mary Salmonsen • Nov. 19, 2024 -
Permission granted by Lakeland Capital
Lakeland goes off-market to buy Massachusetts property
The firm secured 135 Main Street through a previous relationship and plans value-add upgrades at the asset.
By Leslie Shaver • Nov. 15, 2024 -
Permission granted by Archway Equities
DEALS + STARTSArchway grabs deal for 30% discount in Dallas
The California-based firm plans exterior and amenity upgrades at the Coronado Apartment Homes.
By Leslie Shaver • Nov. 14, 2024 -
Permission granted by Harrison Street
Harrison Street sells student portfolio for $893M
The Scion Group and a major institutional investor bought the 14 communities totaling 8,724 beds.
By Leslie Shaver • Nov. 13, 2024 -
Permission granted by Standard Communities
Standard Communities acquires $1B portfolio
The firm plans to invest over $30 million in capital improvements and deferred maintenance across the 6,000 units in more than 60 communities.
By Leslie Shaver • Nov. 8, 2024 -
Douglas Rissing via Getty Images
Fed cuts rates by 25 bps
Treasuries jumped after the September rate reduction and again since the presidential election was called.
By Leslie Shaver • Nov. 7, 2024 -
Bill-Dally via Getty Images
West Coast cap rates fall
Demand for well-located properties is rising, but inventory remains low.
By Leslie Shaver • Nov. 4, 2024
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