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  • 3.8% HUD Loan Assumption Attracts 10+ Bidders for $26.6 Million Modesto Apartment Sale

      A Southern California family office made its first Modesto multifamily acquisition by purchasing the 100-unit Marc at 1600 for $26.6 million through a 1031 exchange. The buyer was one of more than 10 bidders for the property, which was marketed by The Mogharebi Group (TMG) of Costa Mesa, CA, on behalf of seller Tesseract Capital Group. “The assumable HUD loan had a 3.8% rate, which was very appealing to buyers in the current interest rate environment,” TMG’s Senior Vice...
3.8% HUD Loan Assumption Attracts 10+ Bidders for $26.6 Million Modesto Apartment Sale

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  • N. Phoenix Apartments Trade for $58.7M

    N. Phoenix Apartments Trade for $58.7M

    Institutional Property Advisors (IPA) brokered the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The...
  • Gilbane Building 308 Raleigh Student Housing Units

    Gilbane Building 308 Raleigh Student Housing Units

    Gilbane Development recently received the green light from the Raleigh City Council to build a 7-story, 308-unit student housing project...

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