REBusinessOnline

Sares Regis Sells 90-Unit Encore Apartment Community in Redwood City, California

REDWOOD CITY, CALIF. — Sares Regis Group of Northern California has completed the disposition of Encore, a multifamily property located at 855 Veterans Blvd. in Redwood City. Terms of the transaction were not released.The six-story Encore features 90 apartments in a mix of one-, two- and three-bedroom layouts and nearly 5,000 square feet of amenity space. Residences offer stainless steel appliances, in-home washers/dryers, solid-surface countertops, high-efficiency central heat and air …

Acquisitions, California, Multifamily, Western

Merrill Arranges Sale of Independent Living Community in Oregon for $4.1M

NORTH BEND, ORE. — Merrill Commercial Real Estate has arranged the sale of a 69-unit independent living community in North Bend.The 44,000-square-foot community was part of a senior living portfolio that went into receivership in late 2019. The property is one of four properties in the portfolio that make up a continuum-of-care model in the local area. The name of the property and campus were not disclosed.Mike Merrill represented the court-appointed receiver. A California-based …

Acquisitions, Multifamily, Oregon, Seniors Housing, Western

Kidder Mathews Brokers $3.3M Acquisition of Clover Meadow Apartments in Lakewood, Washington

LAKEWOOD, WASH. — Kidder Mathews has brokered the purchase of Clover Meadows Apartments, a multifamily property located at 12517 47th Ave. in Lakewood. Michael Delaney of Sound Investments acquired the asset from an undisclosed seller for $3.3 million in an off-market transaction.Brandon Lawler, Dylan Simon and Jerrid Anderson of The Simon and Anderson Team, a multifamily investment team at Kidder Mathews, represented the buyer in the transaction.Built in 1968, Clover Meadows features …

Acquisitions, Multifamily, Washington, Western

Tiger Properties Breaks Ground on 380-Bed Student Housing Community Near Clemson University

CLEMSON, S.C. — Tiger Properties has broken ground on Cambridge Creek Clemson, a 380-bed student housing community located two miles from the Clemson University campus in South Carolina. The property will offer two- and three-bedroom units. Communal amenities will include a 5,000-square-foot clubhouse with a fitness center, study lounge, computer lab and game room. Outdoor amenities will include a pool, open-air pavilion, grilling stations and green space. The project is scheduled to deliver …

Development, Multifamily, South Carolina, Southeast, Student Housing

Berkadia Arranges $33.8M Sale of Multifamily Community in Savannah

SAVANNAH, GA. — Berkadia has arranged the $33.8 million sale of Georgetown Woods/Waterford Plantation, a 248-unit multifamily community in Savannah. The property offers one-, two- and three-bedroom floor plans. Communal amenities include a pool, fitness center, clubhouse and tennis courts. The property is situated at 1 Saint George Blvd., 13 miles south of downtown Savannah. Mark Boyce and Blake Coffey of Berkadia represented the seller, South Carolina-based Waterford Plantation LLC, in the …

Acquisitions, Georgia, Multifamily, Southeast

NorthMarq Arranges Sale of 804-Unit Muse Apartments in South Dallas

DALLAS — NorthMarq has arranged the sale of The Muse, an 804-unit workforce housing community located at 3035 W. Pentagon Parkway in South Dallas. The Muse features approximately 30 different unit types with an average size of 926 square feet. Units include nickel finishes, pantries, private patios/balconies, tile backsplashes, walk-in closets and individual washer and dryer connections. Amenities include a fitness center, business center and onsite laundry facilities. Taylor Snoddy, James …

Acquisitions, Multifamily, Texas

Dwight Capital Provides $27.9M HUD Loan for Refinancing of North Austin Apartments

AUSTIN, TEXAS — New York City-based Dwight Capital has provided a $27.9 million HUD 223(f) loan for the refinancing of Terrazzo Apartments, a 224-unit multifamily community in North Austin. Built in 1997 and renovated in 2007, the property consists of 12 three-story buildings on an 18-acre tract. Units feature one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, business center, coffee bar, clubhouse and a playground. Brandon Baksh and Brian Yee of Dwight …

Loans, Multifamily, Texas

Monument Capital Management Acquires Apartment Property Near Minneapolis for $19.7M

SHAKOPEE, MINN. — Monument Capital Management has acquired White Pines Apartments in Shakopee, about 25 miles south of Minneapolis, for $19.7 million. The 123-unit apartment property, built in 1999, is located at 1321-1364 Eagle Creek Blvd. It features one-, two- and three-bedroom units. Amenities include a fitness center, laundry facility, patio areas and Amazon Hub lockers. Ted Bickel of Colliers International represented the seller, Abacus Capital Group. Monument plans to implement a …

Acquisitions, Midwest, Minnesota, Multifamily

KeyBank Secures $10.5M Refinancing for 90-Bed Skilled Nursing Facility in Ohio

BRUNSWICK, OHIO — KeyBank Real Estate Capital has secured a $10.5 million FHA 232/223(f) loan for the refinancing of Brunswick Pointe Transitional Care in Brunswick, about 20 miles southwest of Cleveland. Built in 2017, the 90-bed skilled nursing facility offers short- and long-term care, physical, occupational and speech therapy, as well as wellness programs, dining and nutrition services, and personal care assistance. John Randolph and Henry Alonso of KeyBank structured the fixed-rate, …

Loans, Midwest, Multifamily, Ohio, Seniors Housing

Kiser Group Brokers $1.9M Condo Deconversion Sale in Chicago’s Albany Park

CHICAGO — Kiser Group has brokered the $1.9 million condo deconversion sale of a 13-unit property in Chicago’s Albany Park neighborhood. Located at 5027-29 N. Harding Ave., the three-story building was originally constructed as apartments in 1931. It was converted into condos in 2006. Andy Friedman and Jake Parker of Kiser represented the condo association in the sale. The undisclosed buyer will convert the units back into apartments as well as make improvements.“This deal continues …

Acquisitions, Illinois, Midwest, Multifamily
Content Partners
Lee & Associates
Lument
Walker & Dunlop

Webinars on Demand


Conferences
Dec
1
Webinar: What will Denver Multifamily Activity Look Like in 2021?
Dec
2
Webinar: Marketing Strategies for Senior Living Operators — Survey Results Reveal How Customer Journey Has Changed
Dec
3
InterFace Net Lease 2020
Dec
7
Webinar: What will Salt Lake City Multifamily Activity Look Like in 2021?
Dec
8
InterFace Seniors Housing Investment, Development & Operations 2020
Dec
10
Webinar: The Future of Seniors Housing — The 2021 Outlook from a Capital Markets Perspective


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties