Affordable Housing
Fairstead Affordable Buys Harlem Apartments for $76M
A HUD Project Based Section 8 contract and HPD Article 11 regulatory agreement will enable the multifamily portfolio to remain affordable for 40 years.
Affordable Nashville Community Lands Refi
Pathway Lending originated the nearly $5 million financing package, which pays down a prior HUD loan from Greystone.
Chicago’s The 78 Gets in Gear
Related Midwest’s Curt Bailey tells how the $7.2 billion megadevelopment will reshape the workplace and urban living in the Windy City.
Manhattan Communities Get $119M Refi
The owner secured the Fannie Mae financing in preparation for the expiration of the city’s 421a tax abatement program.
Hampton Roads Project Gets $22M Financing
Bellwether Enterprise secured the loan for the developer of the 162-unit community, set for completion in late 2020.
Vacancy Falls, Rents Rise for Manufactured Homes
Availability in the property type tightened across all regions of the country over the past 12 months, according to a new report by Marcus & Millichap.
West End Capital Buys Hampton Roads Community
The new owner has renamed the 104-unit fully affordable multifamily asset and plans to invest in capital improvements.
NYC Names 3 Development Teams for Co-Living Pilot
The projects announced as part of the city’s ShareNYC program will produce a total of 300 new units at three locations.
Franklin Street Arranges $31M Sale of Affordable Tampa Community
The Reliant Group sold the 270-unit property in Bradenton, Fla. Darron Kattan, Kevin Kelleher, Zachary Ames and Avery Jordan represented both parties in the deal.
Rocky Mountain Property Announces New Management
Mission Rock Residential has been tapped to handle property management for 6 West Apartments in Edwards, Colo.