DB&R Marketing Communications

TruAmerica Multifamily, which owns and operates nearly 2,000 multifamily units in Phoenix AZ, has acquired Covington Park, a 520-unit garden-style apartment community for $77.26 million.

Kearny Real Estate Co. has signed Optima Tax Relief to a long-term lease renewal and expansion for 77,500 square feet at Elevate@Harbor, an eight-acre office campus in the South Coast Metro submarket of Santa Ana, CA.

An affiliate of Mosaic Real Estate Investors has provided BPM Real Estate Group with $460 million in senior construction financing for a one-million-square-foot, mixed-use development in downtown Portland, OR.

TruAmerica Multifamily, in joint venture with RSE Capital Partners, has acquired a two-property, 454-unit multifamily portfolio in the Tampa submarket of Pinellas County for $63.75 million.

Privately held real estate investment firm JRK Property Holdings has increased its multifamily portfolio in the Seattle MSA to more than 1,400 units with the off-market acquisition of Santa Fe Ridge Apartments in Silverdale, WA.

Brasa Capital Management (Brasa Capital) has held a final close of its first investment fund, Brasa Real Estate Fund, LP, exceeding its $100 million fundraising goal with $120 million in capital commitments.

Transaction activity for TruAmerica Nears $900 Million in 2019

Dekel Capital has arranged a $41 million value added financing from Ares Real Estate Group for Central Park West, a 199-unit multifamily property in the Minneapolis submarket of St. Louis Park, MN.

Columbia Pacific Advisors through its real estate lending platform has provided a Southern California-based retail investor with a $17.6 million bridge loan to finance the acquisition of a two-story, 43,000-square-foot mixed-use creative office building..

Sonnenblick-Eichner Company has arranged $27 million of first mortgage leasehold financing for the Lahaina Gateway, a 136,566-square-foot community shopping center on the island of Maui, Hawaii.