JRK Property Holdings, a Los Angeles-based real estate investment firm, has acquired a 301-unit apartment complex in San Jose, Calif., via its value-add fund, for $93.5 million, with the help of $61 million in financing. The financing — a 10-year, fixed-rate Freddie Mac (FMCC) loan at a 5.37 percent interest rate-– was supplied through a joint arrangement between Institutional Property Advisors Capital Markets and M&T Bank (MTB). Institutional Property Advisors, a division of Marcus & Millichap (MMI), used the team of Brian Eisendrath, Cameron Chalfant and Jake Vitta to arrange the financing.
IPA sells Country Gables in Glendale for $28 million azbigmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azbigmedia.com Daily Mail and Mail on Sunday newspapers.
EVERETT, WA - MG Properties, a privately held real estate investment company, has announced the acquisition of Artesia Apartments, a premier apartment community located in the Silver Lake neighborhood of Everett, Washington, for a purchase price of $61.6 million.
Artesia Apartments is a 192-unit apartment community located in the highly desirable city of Everett, which is a thriving business hub and offers easy access to Seattle and the surrounding areas. The community features spacious and.
Institutional Property Advisors Closes $61 6 Million Sale and Arranges Financing for Suburban Seattle Multifamily Asset streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.