"We continue to make progress on deleveraging our balance sheet through asset sales," states David Blackman, president and CEO of Office Properties Income Trust.

The hiring marks Walker & Dunlop's first dedicated capital markets hire in the robust New England market.

Howell, NJ-based brokerage firm Capital Realty Associates, reports it brokered the sale of 458-460 and 549-551 Mercer St. for $2.25 million, which calculated out to a 5% cap rate.

The two residential towers (19 and 21 stories) will accommodate approximately 1,000 students in single, double, and suite-style units with panoramic views of the New York City skyline.

The firm, the student housing investment and development division of Chicago-based CA Ventures, will open the student housing communities that total more than 3,000 beds in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.

The 396-unit garden apartment community on Townsend Boulevard includes 13 buildings on both sides of Townsend Boulevard.

SunTrust originated a $48.49-million 10-year term loan with nine-years interest only followed by a 30-year amortization schedule for The Preserve at Henderson Beach, a 340-unit multifamily property located at 4131 Commons Drive West in Destin, FL.

AEW Capital Management of Boston acquired the portfolio's 28 Texas-based properties, while funds managed by The Blackstone Group of New York City purchased the portfolio's 68 properties located in 10 high-growth markets across the United States.