FPA Multifamily LLC sold the 180-unit The Social at South Florida student housing complex at 2919 Network Pl. in Lutz, FL to Vesper Holdings LLC for $26 million, or approximately $144,000 per unit.
A San Francisco real estate investor continued its recent spending spree in the Chicago area with the purchase of a $40 million suburban apartment complex, adding to what will likely be a record year of sales for the asset class.
Cushman & Wakefield has arranged the sale of City Walk, an urban mixed-use development located in Downtown Atlanta. Completed in 2007, the midrise fronts famed Auburn Avenue at Piedmont Avenue, in the heart of Atlanta’s urban renaissance area served by the new Atlanta Streetcar. Mike Kemether, Vice Chair of Cushman & Wakefield’s Multifamily Advisory Group, along with Fain Hicks, Senior Director of Cushman & Wakefield’s Retail Investment Sales team, represented the seller, Los Angeles-based CGI Strategies in the transaction. FPA Multifamily LLC acquired the 144-unit multifamily component, and an Atlanta-based private-partnership acquired the 28,000-square-foot retail portion of the property.
FPA Multifamily has acquired Barclay at Dunwoody, a 204-unit apartment community in Dunwoody, Ga., a suburb of Atlanta, for $29.3 million. The seller was a group of investors known as Barclay at Dunwoody LLC. Read More
Cushman & Wakefield’s Southeast Multifamily Advisory Group has arranged the $29.3 million sale of Barclay at Dunwoody, a 204-unit apartment community located in Dunwoody, Georgia. Mike Kemether, Josh Goldfarb and Travis Presnell of Cushman & Wakefield represented Barclay at Dunwoody, L.L.C., the seller, in the transaction. FPA Multifamily acquired the property.Read More
Colliers International has arranged the sale of three student housing communities located in Statesboro, Georgia, and Tallahassee, Florida.
Major diversified real estate firms led our 2017 Top 50 Property Management Firms ranking, as Colliers International, Cushman & Wakefield, CBRE Group and JLL took the top spots.
CGI Strategies has sold City Walk, a mixed-use development in Atlanta’s Sweet Auburn Avenue Historic District, to two separate investors. Located at 171 Auburn Ave. NE and covering an entire city block, the six-story City Walk features 144 one- and two-bedroom apartment units and over 30,500 square feet of street-level retail.
San Francisco-based FPA Multifamily acquired River Glenn, a 300-unit value-add asset in Fort Collins, CO for $47.5-million. ARA Newmark’s Terrance Hunt, Shane Ozment, Doug Andrews and Jeff Hawks represented Ocwen Loan Servicing, LLC, the asset manager for the unnamed seller. Read More
A San Francisco investment firm paid $48 million for most of a failed South Loop condominium project, and it’s not stopping there.