Multifamily
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Institutional Property Advisors Arranges $53.4M Sale and $47M Financing for Tucson Multifamily Property
IPA facilitated the sale and financing of The Retreat at Speedway, a 304-unit Tucson multifamily complex. The property offered significant value-add potential due to a rent gap and recent capital improvements, amplified by a scarcity of similar vintage assets. Favorable debt markets contributed to a swift closing, underscoring the strength of the multifamily sector for institutional investors.
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Walker & Dunlop Facilitates Sale and Financing for Cambridge Apartment Building
Cambridge’s Central Square sees a significant multifamily investment with the $53.6 million sale and financing of 929 MASS. Walker & Dunlop Capital Markets facilitated the transaction, with John M. Corcoran & Company and Stars REI acquiring the mixed-use property. JMC secured $37.1 million in Fannie Mae financing. The 127-unit property with commercial space is slated for renovations, capitalizing on Cambridge’s strong market driven by intellectual capital and proximity to major institutions.
