Chartwell Capital Partners Buys 180-Unit Apartment Property in Vancouver, WA
Chartwell Capital Partners has acquired Oak Creek, a 180-unit multifamily property in Vancouver, Washington. Built in 1987, the property is located at 11412 NE 49th Street, providing convenient access to Portland and downtown Vancouver.
Associate Director Peter Dudunakis, Senior Director George Pallis, Managing Directors Benjamin Johnson and David Sorensen of Berkadia Seattle represented the unnamed seller in the transaction. According to Berkadia, the property generated significant interest from a variety of investors ranging from local family offices to the most active institutions.
“In addition to the location and scale, the assumable HUD financing at a 2.18% rate provided a distinct advantage in today’s uncertain debt environment,” noted Dudunakis. “With a proven renovation program already in place and opportunity to capitalize on the growing Vancouver market, Oak Creek offered the buyer a compelling opportunity to plant their flag in the Pacific Northwest with their first acquisition in Washington State.”
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Newmark Arranges Sale of 226-Unit Apartments in Chicago Suburbs
Newmark has facilitated the sale of Ashford at Geneva, a 226-unit multifamily community in Geneva, Illinois. Newmark Senior Managing Directors Susan Lawson, Liz Gagliardi and Chuck Johanns represented the seller, an investment entity controlled by Oak Residential Partners, in the sale to the buyer, an affiliate of Equus Capital Partners, Ltd. The property was approximately...
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BWE Arranges $240M Recapitalization of Midwest Seniors Housing Portfolio
BWE arranged an approximately $240 million recapitalization of a multi-property seniors housing portfolio located across three major metropolitan markets in the Midwest. BWE served as exclusive capital markets advisor to O’Reilly Development Company, LLC, a Springfield, Missouri-based real estate developer and investor, in capitalizing the transaction. The portfolio comprises purpose-built Independent Living, Assisted Living, and...
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HPP Equity Acquires 834-Bed Student Housing by Western Michigan University
HPP Equity has acquired Campus Court at Knollwood, an 834-bed student housing community in Kalamazoo, Michigan, near Western Michigan University, and selected HH Red Stone as its property management partner. The partnership combines HPP Equity’s investment and ownership oversight with HH Red Stone’s national property management experience and owner-aligned management structure. “Campus Court is a well-located...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout