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Monday, 21 October 2013

N.C. Apartment Property Fetches $22.3Mln

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An affiliate of Eller Capital Partners has paid $22.3 million, or roughly $89,919/unit, for the Foxcroft Apartments, with 248 units in Chapel Hill, N.C.

The Chapel Hill company bought the 40-year-old property, at 545 Ashley Court, from Douthit & Co. of Raleigh, N.C., which was represented by Multi Housing Advisors of Charlotte, N.C.

Eller has lined up $25.85 million of financing from Latitude Management Real Estate Investors, a Los Angeles investment manager formerly known as Legg Masson Real Estate Investors. Proceeds of the three-year loan were used to fund the property's purchase and a substantial renovation. NorthMarq Capital arranged the debt.

The property has units with up to three bedrooms and includes a playground, tennis court and business center.

Comments? E-mail Josh Mrozinski or call him at (267) 247-0112, Ext. 213.



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Additional Info

  • Syndicate to Realpoint: No
  • States: North Carolina
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $10 million and $25 million
  • Private: No
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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