WASHINGTON, D.C. — Donatelli Development has sold the 190-unit The Ellington Apartments, located at 1301 U St. NW. in Washington, D.C., to TIAA-CREF for $100 million. The seven-story apartment building also has 17,000 square feet of retail space on the ground floor, which is leased to six tenants. Donald B. Tennant, Jr., of NorthMarq's Bethesda, Md., office represented the seller in the transaction. Ed McEnery and Doug Smith of Deepwater Advisors represented the buyer.
ARLINGTON, VA. —Deutsche Bank Berkshire Mortgage has secured $49.5 million in acquisition financing for the 217-unit Twenty400, a multifamily property located at 2400 24th St. S. in Arlington, on behalf of the borrower, a joint venture between UDR and Kuwait Finance House. The 5-year, interest only loan was arranged through Fannie Mae.
GROVERPORT, OHIO — Chicago-based October Investments Properties has purchased the 126-site Greenfield Estates Manufactured Home Community, located at 5215 Groveport Rd. in Groveport, for an undisclosed price. Todd Fletcher of ARA's Denver office along with Andrew Shih of ARA's Austin, Texas, office represented the seller, a special servicer, in the transaction.
NEW YORK CITY — New York City-based Massey Knakal has brokered the $4.51 million sale of a 20-unit apartment building located at 147 E. 30th St. in New York City's Murray Hill neighborhood. The five-story property spans 10,070 square feet. John Ciraulo, Robert Knakal, Jonathan Hageman and Michael Azarian exclusively handled the transaction.
NEW YORK CITY — GFI Realty Services has arranged the $4.5 million purchase of a 9,975-square-foot loft building, located at 279 Church St. in New York City's Tribeca neighborhood. Shane Barbanel of GFI Realty's New York City office represented both parties in the transaction.
CONNEAUT, OHIO — Love Funding has secured a $6.51 million refinance loan for the 100-bed Villa at the Lake, an assisted living center located at 48 Parrish Rd. in Conneaut. Robert Smallwood of Love Funding's Cleveland office arranged the financing through HUD's 232/223(f) loan program.
SAVANNAH, GA. — Atlanta-based QR Capital has acquired the 144-unit Carriage House Apartments, located at 125 Tibet Ave. in Savannah, for $5.17 million. QR Capital plans to complete a $1 million renovation during the next year. Brian Moulder of Southeast Apartment Partners' Jacksonville, Fla., office represented the seller, a local owner, in the transaction.
TOLEDO, OHIO — McKinley has sold the 149-unit Executive Towers, located at 1920 Collingwood Blvd. in Toledo, for an undisclosed price. Amenities include a pool, fitness center and picnic area, The complex is fully leased. Hendricks & Partners was the broker for the transaction.
NEW YORK CITY — A 50-unit apartment building at 666 W. 162nd St. in New York City's Washington Heights neighborhood has been sold for $6 million. The 53,034-square-foot property features 50 residential units and one super's apartment unit. Robert Shapiro, Robert Knakal and Jonathan Hageman of New York City-based Massey Knakal handled the transaction for both parties.
WARREN, R.I. — NAI Hunneman has brokered the $3.85 million sale of the 63-unit Warren Apartments, a garden-style brick complex in Warren. Robert Tito of NAI Hunneman represented the seller, Warren Metacom, and procured the buyer, Diversified Funding.