Here's a look at some of the biggest multifamily transactions so far in July across the United States:
Columbus, Ohio-based Core Properties entered into a joint venture with Edina, Minn.-based New Life Multifamily Management to purchase two communities near Columbus for $16 million. The two properties are made up of a combined 750 units.
New York-based Angelo, Gordon, & Co. partnered with Denver-based Slavin Multifamily Advisors to acquire a 412-unit property in Phoenix for $42.5 million.
San Mateo, Calif.-based Prometheus Real Estate Group purchased a 48-unit apartment community in Bellevue, Wash. for $16.5 million. The Class A property is scheduled for exterior renovations as part of a rebranding strategy.
Austin, Texas-based American Campus Communities purchased a 480-bed off-campus community in Minneapolis, Minn. for $31 million. Renovations are planned and a 6.6 percent cap rate is projected for next year.
Home Properties acquired a 1,350-unit garden property in Ellicott City, Md. for $186 million. The property was 93 percent occupied at the time of the sale.
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