NKF Multifamily Capital Markets recently closed the $43.6 million sale and $34.8 million Freddie Mac financing for repeat NKF/Freddie Mac Sponsor AndMark Investment Fund. The sale of the three-property, garden-style apartment portfolio in Columbus, Ohio, comprised of 550 units, was led by NKF’s Executive Managing Director George Skaff, and the fixed acquisition financing was led by NKF’s Houston, Texas-based Executive Managing Director Purvesh Gosalia.
The portfolio consists of Abbington Village Apartments, the adjacent Ashley Village Apartment Community and Chatham Village Apartments, each built in 1987 and located in southeast Columbus, just minutes from I-270, major employment centers and the greater metropolitan area. Each gated community offers amenities including a garage, patio/balcony, in-unit washer/dryer, air conditioning, window treatments and landscaping throughout. Certain properties are pet-friendly or contain a swimming pool.
NKF Multifamily has now worked with AndMark on seven transactions in the last 24 months, with this portfolio marking the second, three-property portfolio investment.