Marcus & Millichap announced sale of the Hamilton Inn Extended-Stay, a five-property portfolio of hotels across Georgia and Tennessee. The portfolio traded for $29 million, or $50,966 per unit.
Tag: Dealmaker
Dealmaker: $1.75B NYC Apartment Portfolio Largest Since Pandemic
New York investment firm Black Spruce Management LLC and residential developer Orbach Affordable Housing Solutions LLC purchased a six-property multifamily housing portfolio on Manhattan’s East Side for $1.75 billion, the largest such transaction post-pandemic.
Dealmaker: Walker & Dunlop Completes $92M Miami Multifamily Sale
Walker & Dunlop, Bethesda, Md., sold First Apartments, a Class A apartment in East Little Havana near downtown Miami, for $92 million.
Dealmaker: Institutional Property Advisors Brokers $47M Arizona Multifamily Sale
Institutional Property Advisors, Ontario, Calif., sold Port Royale, a 252-unit multifamily property in Sierra Vista, Ariz., for $46.5 million.
Dealmaker: Greystone Provides $21M Fannie Mae Loan in Herndon, Va.
Greystone, New York, provided a $21.4 million Fannie Mae Delegated Underwriting and Servicing loan to refinance a 144-unit multifamily community in Herndon, Va.
Dealmaker: Eastern Union Secures $84M for Two Multifamily Assets
Eastern Union, New York, arranged $83.8 million in financing for two multifamily properties, The Boulders in Amherst, Mass., and Cliffside Apartments in neighboring Sunderland, Mass.
Dealmaker: Northmarq Arranges $13M Retail Portfolio Refinance
Northmarq, Minneapolis, refinanced four retail properties for a combined $12.8 million.
Dealmaker: Gantry Secures $65M in Hawaii
Gantry, San Francisco, secured $65 million in permanent financing to recapitalize a mixed-asset portfolio on the island of Oahu.
Dealmaker: Fantini & Gorga Arranges $44M
Fantini & Gorga, Needham, Mass., placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community on 30 acres in Groton, Conn.
Dealmaker: M&T Realty Capital Corp. Provides $39M
M&T Realty Capital Corp., Baltimore, provided $39.1 million to refinance apartment communities in Connecticut and New York.