Logan Capital Advisors (LCA) announced today the acquisition of South Beach Apartments, a 220-home, luxury rental community in Las Vegas, for $97.5 million. LCA purchased South Beach from Griffin Capital Company, LLC, a leading privately held alternative asset manager based in El Segundo, CA.
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Berkadia announced today the sale of The Bungalows on Jomax, a garden-style multifamily property in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia’s Phoenix office completed the $42 million sale on behalf of the seller, Arizona-based Bungalows on Jomax, LLC.