Affordable Housing
Ravello Holdings Lands $55M Loan for Los Angeles Affordable Project
Merchants Capital provided the financing for the development of the 118-unit property in Palmdale, Calif.
Brooklyn to Get 900-Unit Affordable Community
The $400 million redevelopment is part of a $1.4 billion initiative launched in 2017.
Standard Communities Acquires Charleston-Area Apartments
The firm purchased the 108-unit affordable property as part of a public-private partnership.
Highlights of LEED Multifamily Certifications in 2020
In mid-2020, there were more than 555,000 LEED-certified residential units around the world, according to data from the USGBC.
Silicon Valley Affordable Senior Asset Commands $39M
Silver Tree Residential plans to rebrand the property as Redwood Senior Apartments of Willow Glen.
Southern Minnesota Affordable Community Sells for $13M
The buyer financed the 144-unit acquisition with a $10.1 million Fannie Mae loan.
SMA Equities Lands $56M Construction Loan for NYC High-Rise
Located in an affluent Manhattan residential area, the project is set to include 28 affordable housing units, with the remaining 80 apartments targeting market-rate renters.
Long Island Affordable Housing Project Breaks Ground
The $32.3 million Garvies Point development will set aside units for individuals with mobility, hearing or visual impairment.
PNC Bank Sells Chicago Affordable Housing for $30M
The new owner will begin renovating the 240-unit community opposite the planned Obama Presidential Center next year.
New Frontier Buys Chicago-Area Senior Living Asset
The 120-unit affordable community known as Riverwalk commanded close to $9 million.