Apartment Look

Finance & Accounting By REW •   April 26, 2017 Eastern Union Funding arranged the following transactions: A $36.9 million first lien mortgage for the acquisition of an 11- building multifamily portfolio in Bronx, NY. This transaction was arranged by Jonathan Singer and David Metzger. A $10,500,000 first lien mortgage for the acquisition of a 197- unit multifamily in Pennsville, NJ. This transaction was arranged by David Singer. A $5,000,000 first lien mortgage for the refinance of a 61- unit multifamily on 40th St. in Sunnyside, NY. This transaction was arranged by Michael Muller. A $2,200,000 first lien mortgage for the acquisition of a 6, 800 sf industrial property on Route 114 in East Hampton, NY. This transaction was arranged by Marc Tropp. A $1,450,000 first lien mortgage for the refinance of a 3- unit multifamily on South Lakeshore Dr . in Browns Mills, NJ. This transaction was arranged by Jeffrey Seidenfeld and Jonathan Singer. ••• Meridian Capital announced t...

Avalon Russet is located in Laurel, Md., about 20 miles north of Washington, D.C. (Photo courtesy of avaloncommunities.com) LOS ANGELES, WOODLAND HILLS, CALIF. AND LAUREL, MD. — Bellwether Enterprise Real Estate Capital LLC has arranged three loans totaling $185.1 million for the refinancing of a multifamily portfolio located in California and Maryland. The portfolio consists of three properties totaling 1 ,384 units. The assets include: Avalon Russet in Laurel, Md.; eaves Woodland Hills in Woodland Hills, Calif.; and eaves Los Feliz in Los Angeles. Kip Kimble of Bellwether Enterprise arranged the 10-year loans for the borrower, AvalonBay Communities (NYSE: AVB). New York Life was the lender. AvalonBay Communities is a real estate investment trust that owns and manages apartment properties concentrated in the Northeast and Western regions. Bellwether Enterprise is a subsidiary of Enterprise Community Investment . — Kristin Hiller

A multifamily portfolio recently traded hands in the city of Walnut Creek after the completion of a deal made between seller JB Matheson and new owner Interstate Equities Corporation . Arranged by Marcus & Millichap’s multifamily brokerage division , Institutional Property Advisors , the deal includes three different apartment buildings located in Walnut Creek—the main business and entertainment hub of Contra Costa County . The fee that IEC paid for the residential portfolio stood at $64.3 million, according to a press statement issued by IPA. The three apartment complexes were built between 1962 and 1964 and offer a combined total of 358 apartment units . The properties are Carmel House, located at 1756 Carmel Dr.; Cypress Creek, located at 1011 Ygnacio Valley Rd; and Creekside Glen, located at 125 Near Court. The 283,075 square feet of residential space that Interstate Equities Corp . has acquired benefit from their location in one of the consistent submarkets of the San Fr...

Gebroe-Hammer Associates Coveted apartment  complex fetches $40M An apartment community in tony West Orange , NJ,  has been sold for $40.5 million. Gebroe- Hammer Associates brokered the sale of the 178- unit Crest Ridge Apartments complex . The team of Greg Pine and Adam Zweibel exclusively represented the original developer , Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments , in the transaction. Located at 200 Mt. Pleasant Ave. at the base of an 80 ft. cliff, the 16-building, historically well- occupied complex posed an extremely rare acquisition opportunity within the Northern New Jersey metro. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” said Pine. “In a township where apartment rentals make up only about one-third of the housing stock, Crest Ridge Apartments is a gem favored...

ARLINGTON, TX - Eagle Property Capital Investments announced the acquisition of Central Park, a 331- unit multifamily property located in Arlington, Texas within the Dallas / Fort Worth Metropolitan Area. The Property was acquired by EPC Multifamily Partners III, a private investment vehicle raised and managed by EPC. The Property represents the fifth acquisition for Fund III. DFW has one of the strongest fundamentals in the United States in terms of population, job, household income, and economic growth . The Property is in close proximity to abundant employment, recreation, shopping and entertainment venues. It is conveniently located less than 1.8 miles from the Arlington medical cluster , 2.0 miles from Arlington’s retail hub (which includes Arlington Highlands and Parks at Arlington Mall), 1.6 miles from University of Texas at Arlington and just 20 miles from the major employment centers of Downtown Fort Worth and Downtown Dallas . EPC will execute its proprietary ...

NEW YORK CITY — Marcus & Millichap has brokered the $ 15 million sale of The Jefferson-MacDonough Collection, a multifamily portfolio with 53 rent-stabilized units, located in Brooklyn. The portfolio consists of five multifamily apartment buildings located in the Bedford-Stuyvesant area, at 39 and 44 MacDonough Street between Marcy Avenue and Tompkins Avenue. Shaun Riney and Daniel Greenblatt of Marcus & Millichap’s Brooklyn office along with Peter Von Der Ahe and Joseph Koicim of Marcus & Millichap’s Manhattan office had the exclusive listing to market the property on behalf of the seller, a private investor. The team also secured the buyer, a developer. Tagged more_sales_and_leases

Chicago—KeyBank Real Estate Capital has closed a $334. 4 million Fannie Mae credit facility for Enlivant, a Chicago-based owner and operator of seniors care facilities across the United States. The loan was secured by 54 assisted living properties in 12 states including Iowa , Indiana, Kentucky, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Washington and Wisconsin. The new loan structure provides Enlivant with access to growth capital at attractive rates during the 10-year term. Key’s Healthcare Mortgage Banking Team , led by Carolyn Nazdin and Charlie Shoop, worked in conjunction with Fannie Mae to originate and close the loan in fewer than 60 days. NorthMarq Capital ’s Kansas City office finalizes transactions totaling $13.34M Kansas City, Kan—Greg Duvall, senior vice president/managing director of NorthMarq Capital ’s Kansas City regional office , arranged financing of $13.34  million for Parkway Commons and Peppertree Apartments, two multifamily p...

All Headlines › Commercial Real Estate August 24, 2017  |  Print this page Thalhimer Realty Partners Inc. (TRP), the investment and development subsidiary of Cushman & Wakefield | Thalhimer, said Thursday that it has closed on the $12.1 million purchase of the Stratford at Williamsburg Apartments .The transaction was done through the Thalhimer Multifamily Fund , which was formed in late 2016.Stratford at Williamsburg includes 156 one- and two- bedroom apartment units . It’s located in Williamsburg along Route 60 near the College of William & Mary, Colonial Williamsburg and Williamsburg Premium Outlets .Amenties include a clubhouse, pool, dog park and playground. Thalhimer’s Residential Property Services will manage the property on behalf of TRP. Cindy Scanlan will serve as the portfolio manager responsible for the oversight of the property’s operations.

Hunter's Ridge Apartments | Winter Park Apts Hunter's Ridge Apartments puts you in the center of the action in Winter Park. Residents love the location and have FIVE different floor plans to choose from.  Norcross Apartments | Hunter's Ridge in Norcross, GA 30092 Hunter's Ridge Norcross serving your needs ... Norcross Apartments. Move to Hunter's Ridge and start enjoying the value and convenience everyone wants.  Hunter's Ridge Apartments For Rent in Elgin, Illinois - Apartment ... Hunter's Ridge in Elgin, IL - Apartments For Rent - Hunter's Ridge Apartments , Elgin apartments, apartments for rent in Elgin, homes for rent, 1 bedroom apartments…  Hunter's Ridge Apartment Rentals Welcome home to Hunters Ridge Apartments , where you will find the perfect choice for the quality minded and the cost conscious. This pet friendly commuters  Hunter's Ridge Apartments Apartments For Rent in Toledo, Ohio ... Hunter's Ridge Apartments in T...

Funny how your tastes change. There once was a time – back when Coolio actually was cool – when I desperately wanted to live in a town with an Applebee’s . I now reside in a metro area with five, and I’m more concerned that a hole-in-the-wall joint like Silla Cafe is closing. The Broad Street eatery , whose teriyaki chicken has been beloved by downtown denizens for more than two decades, is calling it quits next month. Owned and operated by Felton and Tae Mitchell , the literal “mom-and-pop” restaurant serves its last dish at 855 Broad St. on Sept. 14. “We had fun, but we’re ready to retire now,” Tae said. “We’ve been talking about retiring for a couple years now.” She said that decision to retire was hastened, however, by a steep increase in their rent. “It’s almost double,” she said in a phone interview. Last year the building was purchased by Rafik “Rafi” Bassali , a young real estate investor who is becoming somewhat of a downtown property mogul . The owner of The Swank Company...