Multifamily

WINLYND Acquires 384-Bed Student Housing Community in Beaumont

by Taylor Williams April 5, 2018

BEAUMONT, TEXAS — WINLYND LLC, a joint venture between Chicago-based Windy City RE LLC and San Antonio-based Lynd Opportunity Partners, has acquired Village at Lamar, a 384-bed student housing community in Beaumont. Built in 2006, the 96-unit property serves students at Lamar University, a four-year college that is part of the Texas State University system. Amenities include a pool, fitness center, volleyball court and a business center. WINLYND acquired the property via a foreclosure auction and will invest in renovations that are expected to be complete prior to the fall semester.

April 5, 2018

District of Columbia Loans Multifamily Southeast

Walker & Dunlop Funds $41M Refinancing for Apartment Community in D.C.

by Camren Skelton April 5, 2018

WASHINGTON, D.C. — Walker & Dunlop has provided a $41 million bridge loan for the refinancing of Zen Apollo, a 274-unit apartment community located between Washington, D.C.’s Logan Circle and City Center neighborhoods. The undisclosed borrower will use the 12-month loan to reposition the property, which was originally constructed in 1967 and renovated in 2007. Community amenities include a swimming pool, fitness center, clubhouse with billiards, movie theater and poker tables.

April 5, 2018

Arkansas Loans Multifamily Southeast

Dougherty Provides $19.8M Fannie Mae Refinancing for Apartment Asset in Bentonville, Arkansas

by Camren Skelton April 5, 2018

BENTONVILLE, ARK. — Dougherty Mortgage LLC has provided a $19.8 million Fannie Mae loan for the refinancing of The Pointe at Bentonville, a 170-unit apartment community in Bentonville. The 10-year loan features a 30-year amortization schedule. Dougherty Mortgage closed the loan on behalf of the borrower, The Pointe at Bentonville LLC. The community features a mix of one-, two- and three-bedroom units and features a business center, clubhouse, coffee bar, tanning salon, library, fitness center, picnic area, pool, movie theater and a game room.

April 5, 2018

Loans Multifamily North Carolina Southeast

Berkadia Closes $18.8M Fannie Mae Acquisition Loan for Multifamily Community in Asheville

by Camren Skelton April 5, 2018

ASHEVILLE, N.C. — Berkadia has provided an $18.8 million acquisition loan for The Views, a 160-unit apartment community located at 1690 Hendersonville Road in Asheville. Mitch Sinberg, Matthew Robbins, Robert Falese and Jeremy Lynch of Berkadia originated the 12-year, fixed-rate loan with six years of interest-only payments through Fannie Mae’s Green Rewards program on behalf of the borrower, Colorado-based Goldelm. Constructed in 1993, The Views offers a mix of one- to three-bedroom units with granite countertops, stainless steel appliances and wheelchair accessibility. Community amenities include a swimming pool, fitness center, basketball court, clubhouse, lounge, coffee bar and storage space. Florida-based Michaelson Group will manage the property.

April 5, 2018

Arizona Multifamily Seniors Housing Western

Blueprint Arranges Sale of 100-Unit Assisted Living Portfolio in Arizona

by Nellie Day April 4, 2018

PEORIA AND MESA, ARIZ. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities in Arizona for an undisclosed price. Each property features 50 units. The first, located in Peoria, has been vacant since 2008. The second, located in Mesa, has been vacant since 2013. The buyer of the Peoria property is a regional owner-operator looking to expand its presence in Arizona. The buyer of the Mesa property intends to convert the community into a drug treatment center. The seller was not disclosed. Blueprint’s Amy Sitzman handled the transactions.

April 4, 2018

Lake-Houston-Seniors-Housing-Atascocita-Texas

Development Multifamily Seniors Housing Texas

TNRG, MedCore Acquire 7 Acres for Seniors Housing Development Near Houston

by Taylor Williams April 4, 2018

ATASCOCITA, TEXAS — Houston-based The National Realty Group (TNRG) and Dallas-based MedCore Partners have acquired seven acres in the Houston suburb of Atascocita, with plans to build an independent living, assisted living and memory care community on the site. The project will feature 186 units located near the shores of Lake Houston. Integral Senior Living will operate the community upon completion. Design is scheduled for completion by November of this year, followed immediately by construction. The developers plan to deliver the completed community in March 2020.

April 4, 2018

Acquisitions Multifamily Northeast Pennsylvania Seniors Housing

Blueprint Negotiates $18.8M Sale of 180-Bed Skilled Nursing Facility in Pennsylvania

by David Cohen April 4, 2018

LEHIGH VALLEY, PA. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 180-bed skilled nursing facility located in the Lehigh Valley region of eastern Pennsylvania. A regional owner-operator acquired the property for $18.8 million, or approximately $104,000 per bed. The seller was looking to restructure its regional portfolio. Michael Segal and Ben Firestone of Blueprint negotiated the transaction.

April 4, 2018

Acquisitions Multifamily Texas

Vanguard Brokers Sale of 104-Unit Apartment Community in Oklahoma City

by Taylor Williams April 4, 2018

OKLAHOMA CITY — Dallas-based Vanguard Real Estate Advisors has brokered the sale of Spring Hill Apartments, a 104-unit multifamily property in Oklahoma City. Built in 1984, the pet-friendly community offers studio, one- and two-bedroom units. Jordan Cortez of Vanguard represented the seller, Chicago-based AMG Cherry Hill LLC, in the all-cash transaction. Cortez also procured the buyer, a private investor based in North Texas that acquired the property via a 1031 exchange.

April 4, 2018

Acquisitions Multifamily New York Northeast

TerraCRG Brokers $2.7M Sale of Apartment Building in Brooklyn

by David Cohen April 4, 2018

NEW YORK CITY — TerraCRG has arranged the sale of a vacant, six-unit apartment building in the Bushwick neighborhood of Brooklyn. Located one block from the Jefferson Street L subway station at 1271 Willoughby Ave., the 5,000-square-foot property is situated in a popular retail corridor. Matt Cosentino, Fred Bijou and Eric Satanovsky of TerraCRG brokered the deal. TerraCRG represented the seller, Bushwack LLC, which purchased the property in 2014. The brokerage firm also represented the buyer, Cycamore Capital, an investment firm based in Brooklyn.

April 4, 2018

The-Fountains-Apartment-Homes-San-Antonio

Acquisitions Multifamily Texas

Michaelson, Partners Acquire 101-Unit Apartment Community in San Antonio

by Taylor Williams April 4, 2018

SAN ANTONIO — Florida-based Michaelson Real Estate Group and its private equity partners have acquired The Fountains Apartment Homes, a 101-unit multifamily community in San Antonio. Built in 1973, the property is located in northwest San Antonio, near the University of Texas at San Antonio (UTSA), San Antonio International Airport and Hulu’s 60,000-square-foot viewer operations center. Amenities include a pool, picnic/grilling area and on-site laundry facilities. The seller was not disclosed.

April 4, 2018

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