Channing Hamilton

RICHARDSON, TEXAS — DVO Real Estate has acquired Sweetwater at Buckingham in Richardson, approximately 15 miles north of Dallas. REM Finance sold the asset for an undisclosed price. The garden-style community consists of 312 apartments across three stories. The average unit size is 889 square feet. Amenities include a pool, fitness center, business center and playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller in the deal.

BROOKLYN PARK, MINN. — Spyglass Capital Partners has acquired 610 West Apartments, a 480-unit community in Brooklyn Park, roughly 15 miles northwest of downtown Minneapolis. JLL Capital Markets represented the seller, The Doran Group, in the transaction. Additionally, JLL secured acquisition financing through Fannie Mae on behalf of the buyer.

KATY, TEXAS — Northmarq has provided a $25.2 million Freddie Mac loan for the refinancing of Waterstone at Cinco Ranch, a 206-unit complex located in Katy, roughly 30 miles west of downtown Houston. According to Apartments.com, the property was built in 2013 and offers one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, outdoor grilling and dining stations, game room and a car care center. Greg Duvall led the Northmarq team that originated the seven-year, fixed-rate loan. The borrower was not disclosed.

WEST NEW YORK, N.J. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $174 million in joint venture equity and debt financing for the acquisition of 55 Riverwalk Place, a 348-unit community in West New York, roughly nine miles north of New York City. The property is situated adjacent to the Hudson River and directly across from Manhattan.

MILWAUKEE — Madison, Wisconsin-based developer Neutral has secured $133.3 million in construction financing for The Edison, a 378-unit project located at 1005 North Edison Street in Milwaukee. Mike Brady, Tara Hagerty and Merrick Evans of JLL Capital Markets arranged the senior financing through Bank OZK and the mezzanine financing through Pearlmark.

RealPage has a new app for residents called LOFT that's designed to take the sting out of several operational pain points.

NEW YORK CITY — Tishman Speyer has received a $2.9 billion refinancing for The Spiral, a 66-story office tower in Midtown Manhattan.

LAKEWOOD, COLO. — Sagard Real Estate has purchased Alta Green Mountain, a 260-unit property located at 13055 W. Mississippi Court in Lakewood, about eight miles southwest of downtown Denver. The asset traded hands for $104.6 million. The seller was not disclosed. Dave Martin and Brian Mooney of Northmarq's Denver Multifamily Investment Sales team represented the seller in the transaction.

Investors are attracted to the fundamentals underpinning North and Central Florida's multifamily market for good reason.

DALLAS, ANTIOCH, TENN. AND KNOXVILLE, TENN. — S2 Capital has acquired a portfolio of five distressed properties facing foreclosure in Dallas, Antioch and Knoxville. S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment. ACORE Capital provided a $170 million senior loan for the acquisition. The loan features a five-year term.