News Articles
CastleSquare arranges $7,100,000 of preferred equity for Tucson, AZ apartment acquisition
TUCSON, Dec. 20, 2023 – CastleSquare’s capital markets group announced today it has arranged a $7.10 million in preferred equity for the acquisition of The Place at Spanish Trail, a multifamily complex within the East Tucson submarket. CastleSquare worked on behalf of the buyer, an operator with more than 1,500 units under management in Arizona, to secure preferred equity through a private capital source. The sponsorship utilized short term senior and provided $10 million of common equity. CastleSquare brought $7.10 million in preferred equity to fill out the capital stack.
CastleSquare arranges $7,000,000 of preferred equity for Dallas, TX apartment acquisition
DALLAS, Nov. 28, 2023 – CastleSquare’s capital markets group announced today it has arranged a $7.00 million in preferred equity for the acquisition of Villas del Zocalo 1, a multifamily complex in the Northwest submarket of Dallas, Texas.
CastleSquare worked on behalf of the buyer, a Northeast real estate firm, to secure the preferred equity through a private capital source.
CastleSquare arranges $5,250,000 of preferred equity for Westchester, NY apartment acquisition
WESTCHESTER NY, Oct. 31, 2023 CastleSquare’s Capital Markets group announced today that it has secured $5,250,000 in preferred equity for the acquisition of Birch Brook Manor. Our team advised on the procurement and structuring of the investment behind Fannie Mae for the acquisition of Birch Brook Manor. Located at 81 – 89 South Highland Avenue, Birch Brook Manor is a 79-unit market-rate multifamily property in Ossining, New York.
