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Wednesday, 29 January 2014

Venture Pays $250Mln for Texas Apartment Portfolio with 2,400 Units

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Commercial Real Estate Direct Staff Report

A venture of Atlas Residential of Chicago and International Investment Bank Bahrain has paid affiliates of Pillar Income Asset Management of Dallas $250 million, or about $104,200/unit, for 11 apartment properties with 2,400 units in Texas.

Transcontinental Realty Corp., a Dallas company that Pillar manages, sold nine of the properties with 1,955 units for $190 million, while the other two were sold by an unidentified affiliate.

The Atlas venture assumed an undisclosed amount of federal Housing and Urban Development financing backed by the...





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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
  • States: Texas
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: More than $150 million
  • 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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