Go behind the scenes to see how some of this quarter’s biggest transactions took shape.
In a time of rising interest rates, it’s getting harder to make apartment deals pencil out. Still, some firms are getting their transactions done.
Often, the sales that make it across the finish line have interesting stories, whether it is companies that locked in below-market interest rates earlier in the year or buyers that unearthed deals at strong prices.
Here, Multifamily Dive recaps the details of some recent sales — and their backstories.
The company secured the five suburban apartment communities in three markets. Read the full article ➔
The Los Angeles-based firm bought two properties for $53 million. Read the full article ➔
The Virginia-based owner bought the over-50-year-old property for $19 million in 2017. Read the full article ➔
After tracking Gables Station since February, Hines closed on the property in July after another buyer dropped out. Read the full article ➔
The acquisition marks the company’s 12th in Florida’s second-largest market. Read the full article ➔
Monument Capital Management has completed its eighth deal in the city, giving it more than 1,000 units in the region. Read the full article ➔
The Millennium Apartments appealed to CEO Neil Schimmel because of its upside potential and “excellent price per pound.” Read the full article ➔
The alternative asset manager is focused on working with owners who need creative solutions because of their partnership constraints or tax positions. Read the full article ➔
The Greensboro, North Carolina-based apartment firm nabbed 846 units for $313 million. Read the full article ➔
