Affordable Housing
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.
$27M Financing Earmarked for Brooklyn Development
Madison Realty Capital provided the loan for a new 68-unit mixed-use residential building and the rehab of a two-story community next door.
Montreal Innovates in Student Housing
The affordable community uses a pioneering funding model to deliver 144 beds to undergraduates at Concordia University, with backing from the federal and city governments.
$600M Mixed-Use Project Underway in Miami
Adler Group and 13th Floor Investments have joined forces to transform the Douglas Road Metrorail station into a massive transit-oriented development encompassing 1,500 residential units, along with significant office and retail components.
A Closer Look at Affordable Development in Houston
Rick Guttman, founder of local firm Dakota Enterprises, talks about what is driving the metro’s multifamily market as well as its most stringent issues.
Wisconsin Housing Project Scores LIHTC Financing
Monarch Private Capital has partnered with KCG Cos. to redevelop an old tannery in downtown Sheboygan into a $28 million, 149-unit affordable apartment community.
$320M San Francisco Project Gets Capital Infusion
Stockbridge Capital Group is reportedly investing $130 million of equity into 1629 Market St., a fully entitled, 420-unit development that will offer a mix of affordable and market-rate.
Origin Investments, Sherman Associates Break Ground on Metro Denver Project
Aspire of Westminster is part of the 105-acre Downtown Westminster master-planned development on the former site of a regional shopping mall.
Detroit Adds 54 Units for Low-Income Seniors
The development is part of Bedrock’s agreement with the City of Detroit to build and preserve 700 affordable housing units over the next several years.
Avanath Pays $35M for Affordable Asset in Texas’ Capital
At the time of sale, the 280-unit property was 96.4 percent occupied, with historical occupancy averaging 98 percent over the last three years.