Transactions: Page 4
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Retrieved from Crescent Heights.
Crescent Heights secures loan modification at beleaguered San Francisco property
The developer will retain control of the 754-unit NEMA San Francisco apartment complex after paying its lenders $10.5 million.
By Leslie Shaver • July 12, 2024 -
Permission granted by Continental Realty Corp.
Q&ACRE exec embraces market reset
Nicole Brickhouse is the newly appointed director of capital markets at Baltimore’s Continental Realty Corp.
By Jennifer Goodman • July 11, 2024 -
Permission granted by Morgan Properties
Morgan acquires 3,434 units in its home state
The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.
By Leslie Shaver • July 10, 2024 -
Permission granted by Mill Creek
DEALS + STARTSInside Mill Creek’s evolution to a full-service investment management firm
Although the Florida-based developer made its name in new construction, value-add purchases and structured products will represent a larger part of the business going forward.
By Leslie Shaver • July 8, 2024 -
Justin Sullivan/Getty Images via Getty Images
5 US cities prime for office-to-residential conversions
An Urban Institute analysis names the cities that could benefit most from adaptive reuse projects based on office real estate markets and housing supply needs.
By Ysabelle Kempe • July 2, 2024 -
Permission granted by KKR
KKR purchases Quarterra portfolio for $2.1B
Carter-Haston, MG Properties and Dalan Real Estate will operate the assets for the New York City-based global investment firm.
By Leslie Shaver • June 28, 2024 -
Permission granted by Matheson Capital
DEALS + STARTSGrowing Charleston, South Carolina-based firm enters Georgia, making its largest deal to date
Matheson Capital purchased the 248-unit Residences at St. George in Savannah — its 14th acquisition as the lead sponsor.
By Leslie Shaver • June 24, 2024 -
Permission granted by Palladius Capital Management
DEALS + STARTSPalladius Capital Management grabs a student property in San Antonio
CEO Nitin Chexal explains why the firm has invested $170 million along the I-35 corridor over the last 12 months.
By Leslie Shaver • June 18, 2024 -
olaser via Getty Images
Trepp: Delinquencies increase again as servicing rate rises
There was $245 million in newly delinquent multifamily loans during the month of May, according to Trepp.
By Leslie Shaver • June 17, 2024 -
Permission granted by Nuveen
Nuveen strikes $100M deal with CalPERS
The nation’s fourth-largest owner is working to preserve housing for residents earning less than 80% of the area median income.
By Leslie Shaver • June 14, 2024 -
Permission granted by CBRE
DEALS + STARTSNuveen lands Minneapolis-area property for almost $50M
Capreit sold the four-building, 282-unit complex that was built in 1998.
By Leslie Shaver • June 10, 2024 -
Retrieved from Tribeca NoMa.
Another DC building heads to auction
A second apartment in Washington’s NoMa neighborhood faces foreclosure.
By Leslie Shaver • June 6, 2024 -
Permission granted by Cityview
DEALS + STARTSCityview, Greystar sell California property
Although a buyer wasn’t named, the 164-unit asset in Mountain View is now listed on Essex Property Trust’s website.
By Leslie Shaver • June 3, 2024 -
Retrieved from The Lanes at Union Market.
Ranger Properties’ Washington, DC, building sold at auction
HH Fund bought the 110-unit project in the city’s Union Market neighborhood for $38.3 million.
By Leslie Shaver • May 31, 2024 -
Permission granted by Lion Real Estate Group
DEALS + STARTSLion Real Estate Group moves into Charlotte, North Carolina
The real estate investment and asset management firm has acquired a 225-unit apartment complex in the northern part of the the city.
By Leslie Shaver • May 29, 2024 -
deepblue4you via Getty Images
MSCI: Cap rates increase 50 bps to 5.4%
Transaction volume fell almost 50% year over year to $4.5 billion.
By Leslie Shaver • May 28, 2024 -
Permission granted by Harbor Group International
Q&AHarbor Group eyes more buys
The nation’s No. 19 apartment owner thinks the window is open to acquire newly built assets.
By Leslie Shaver • May 21, 2024 -
lucky-photographer via Getty Images
REIT ReportRenewal and new lease rates diverge for MAA
The REIT’s existing residents paid 5% more YOY in Q1, but supply pushed new rents down 6.2%.
By Leslie Shaver • May 20, 2024 -
simonkr via Getty Images
Trepp: Servicing rate passes 5% for first time in 7 years
Apartment distress also jumped in April, according to Cred iQ.
By Leslie Shaver • May 17, 2024 -
heyengel via Getty Images
Another massive San Fran portfolio heading back to its lender
Goldman Sachs and Ballast Investments are expected to hand 1,200 apartments to RBC Real Estate Capital Corp.
By Leslie Shaver • May 16, 2024 -
Permission granted by Bell Partners
DEALS + STARTSBell buys 492-unit property in Southern California for $146M
The addition of Bell Murrieta Springs gives the owner and operator 11 properties in the region.
By Leslie Shaver • May 15, 2024 -
franckreporter via Getty Images
REIT ReportUDR plans to back off of high occupancy to boost rents
Despite solid results, the REIT isn’t raising its full-year guidance.
By Leslie Shaver • May 13, 2024 -
Permission granted by American Landmark
DEALS + STARTSAmerican Landmark grabs a 444-unit deal in Tampa
The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.
By Leslie Shaver • May 13, 2024 -
Bill-Dally via Getty Images
Essex assumes ownership of California asset
The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.
By Leslie Shaver • May 9, 2024 -
lucky-photographer via Getty Images
REIT ReportEssex raises revenue guidance
Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.
By Leslie Shaver • May 8, 2024
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