Pacific Urban Investors has bought the 412-unit Mount Vernon Flats at the Perimeter in Atlanta for $102.5 million. The complex will be rebranded The Kinsley at Perimeter Center. Pacific’s entry into the Atlanta market is a continuation of broader portfolio…
Time Equities (TEI) acquired The Armory at Sam Houston, a student housing complex located at 2257 Sam Houston Avenue in Huntsville, for $25.75 million. Built in 2018, the 145-unit/502-bed development is the nearest privately owned student housing property to Sam Houston State…
TruAmerica Multifamily acquired Westmont Commons, a 252-unit multifamily community in Asheville, NC. The asset was purchased off-market for $49,875,000 in partnership with Spoke Real Estate Capital. The seller was undisclosed. TruAmerica Multifamily’s Bob Hart added, “We expect to deliver an…
Yale Realty Services Corp. has acquired a nearly 300,000 square foot retail center in Concord. The company paid $49.25 million for the Afton Ridge shopping center. The Charlotte Business Journal reports the acquisition was financed with a $29.55 million mortgage…
Nuveen Real Estate has unloaded Fayette Pavilion, the state’s largest and most popular open-air center (Placer.ai). 5Rivers CRE bought the 1.1 million square foot property. CBRE arranged the sale. Located in Fayetteville, Georgia, approximately 22 miles south of downtown Atlanta,…
JLL Income Property Trust has sold Presley Uptown, a 230-unit community in Charlotte, for $65.8 million, nearly $300K/unit. The JLL REIT paid $55 million for the project in 2019. The buyer, Eaton Vance Investment Managers also assumed the outstanding balance of a $30…
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