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Thursday, 15 October 2015

TruAmerica Venture Pays $47.5Mln for Chandler, Ariz., Apartments

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A venture led by TruAmerica Multifamily has paid Alliance Residential Co. $47.5 million, or $163,793/unit, for the 290-unit Trevi apartment complex in Chandler, Ariz., near Phoenix.

TruAmerica, a Los Angeles investment firm formed by Guardian Life Insurance and Robert Hart, former president of Kennedy Wilson Multifamily Management Group, teamed with an institutional investor in the deal.

The venture plans to invest another $3 million upgrading the property, at 635 South Ellis St., which was built in 2005. It is 97 percent occupied.

The property includes two swimming pools and spas, a clubhouse and resident lounge, bocce ball courts, an outdoor kitchen and...





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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Phoenix
  • States: Arizona
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Private: Yes
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Dan Moynihan

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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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