With almost all data projections pointing to continued prosperity for multifamily owners and operators in the coming years, buyers are showing their confidence with a high volume of transactions. Here’s a look at some of the acquisitions announced recently:
Memphis, Tenn.-based MAA announced the purchase of a 323-unit property in Kansas City, Mo. for an undisclosed sum. The property was originally developed in 2010.
Richmond, Va.-based Landmark Apartment Trust of America acquired a 354-unit asset in Webster, Texas for an undisclosed sum. The property is 98 percent occupied.
Addison, Texas-based Behringer Harvard is investing in a 444-unit luxury multifamily development in Allen, Texas. The mezzanine financing will support the new development that is expected to begin leasing in May 2013.
San Antonio, Texas-based Lynd acquired $200 million in unpaid principle balance on an 11-property multifamily portfolio totaling 3,241 units located in Florida, Georgia, South Carolina, Texas, Virginia, California, and Colorado.