BH Equities, Cantor Fitzgerald Pay $78M for Aurora at Summerfield
Freddie Mac provided $50.775-million in financing for the buyers—Cantor Fitzgerald and operating partner BH Equities, according to NKF's Multifamily Capital Markets group.
AURORA, IL—A partnership of BH Equities of Des Moines, IA and New York City-based Cantor Fitzgerald has acquired the 368-unit Aurora at Summerfield community here for a reported purchase price of approximately $78 million.
Freddie Mac provided $50.775-million in financing for the buyers—Cantor Fitzgerald and operating partner BH Equities, according to NKF’s Multifamily Capital Markets group. The Real Deal reported the acquisition was valued at $78 million.
NKF Multifamily vice chairman Debbie Corson and managing director Susan Lawson, based in the firm’s Chicago office, represented the seller, The Connor Group based in Miamisburg, OH.
New York City-based executive managing directors Bill Weber and Matt Mense, along with managing director Henry Stimler of NKF’s Multifamily Capital Markets group worked with Freddie Mac to help fund the purchase.
Aurora at Summerfield is located at 1847 Clubhouse Drive, minutes from downtown Aurora and offers a state-of-the-art 24-hour fitness center, resort-style pool, modern clubhouse and gas grilling stations. The location of the property offers quick access to the I-88 corridor connecting residents to several Fortune 500 companies, nearby hospitals, shopping districts and parks.