Affordable Housing
Pennrose Breaks Ground on Affordable MD Property
In a collaboration with the Wicomico County Housing Authority, the company will build Square at Merritt Mill, a 75-unit community in Salisbury.
NRP Group Secures $29M for San Antonio Development
PGIM Real Estate Finance arranged the financing for the development of the 330-unit mixed-use project that also includes a 600,000-square-foot office building.
NAI Capital Completes OC Ground Lease
The 99-year ground lease valued at $287 million includes three parcels located in Santa Ana, Calif. The tenants plan to develop more than 500 affordable housing units.
A Look Inside Brookfield’s Newest NYC Tower
In an exclusive multimedia tour, Maria Masi of Brookfield Properties talks about One Blue Slip, the 359-unit community that is part of the Greenpoint Landing master plan in Brooklyn.
NYC Details $24B Public Housing Upgrade
Transfer to Preserve is among several programs launched by Mayor Bill de Blasio’s administration to raise capital for repairs at the city’s NYCHA sites.
Brooklyn Community Secures $113M Refi
Goldman Sachs originated the new loan, which pays down a previous $120 million construction mortgage for the 2016-built luxury property.
Decron Properties Buys San Jose Apartments
The partially affordable property last changed hands in 2012, when Greystar purchased the 208-unit community from Invesco for nearly $60 million.
Aura Properties Breaks Ground on MA Mixed-Use Project
The company is developing the five-story, 42,000-square-foot building in Brookline, with a completion date scheduled for next August.
JV to Preserve Affordability of 300 Units in Denver
The Community Development Trust and Rocky Mountain Communities signed a $25 million recapitalization deal for Garden Court Apartments near Aurora, Colo.
Lincoln Avenue Enters Baltimore Market
The buyer financed the roughly $14 million purchase of the 321-unit fully affordable community with a $14 million acquisition and development loan.