Transactions of the Week

DSF Group Secures $166 in Financing for One of DC Metro’s Largest Multifamily Acquisitions

DSF Group Secures $166 in Financing for One of DC Metro’s Largest Multifamily Acquisitions

Washington DC + Apartment Buildings

DSF Group of Boston obtained $165.9 million in financing to acquire the 678-unit Town Square at Mark Center in Alexandria, VA. Marcus & Millichap IPA Capital Markets’ Cameron Chalfant and Brian Eisendrath, along with Evan Denner of Marcus & Millichap Capital Corp., arranged the fixed-rate, 35-year amortization, 70% LTV acquisition loan with Freddie Mac through...

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Owner Ends Long-Term Hold on 112-Unit Rancho Las Palmas, Sells for $18 Million

Owner Ends Long-Term Hold on 112-Unit Rancho Las Palmas, Sells for $18 Million

Phoenix & Southwest + Apartment Buildings

Pinnacle Holdings of Florida Inc. concluded its 30-year hold on Rancho Las Palmas, a 112-unit multifamily property in Tempe, AZ. The Boca Raton company sold the property at 1249 E. Spence Ave. to Phoenix-based Rincon Partners Ltd. for $18 million ($160,714 per unit). The sale was facilitated by ABI Multifamily’s Phoenix-based Institutional Arizona Team—Alon Shnitzer,...

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$85 Million, 596-Unit Multifamily Portfolio Sells in 2024’s Largest San Fernando Valley Deal

$85 Million, 596-Unit Multifamily Portfolio Sells in 2024’s Largest San Fernando Valley Deal

California & West

Material Comforts Inc. partnered with National Community Renaissance (CORE) to acquire a 16-parcel, 596-unit multifamily portfolio in Southern California’s San Fernando Valley. Sellers Heitman LLC., Invesco LTD and ETHOS Real Estate walked away from the transaction with $85 million ($142,617 per unit). The deal represented the largest multifamily transaction in the San Fernando Valley and...

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