Affordable Housing
Partially Affordable Brooklyn Community Receives $32M Loan
Caesura is a recently completed, 132-unit residential building in the borough’s Cultural District. HFF Managing Director Steven Klein and Senior Director Geoff Goldstein worked on behalf of the borrower.
Suburban Atlanta Property Receives $20M Financing
Pembrook Capital Management closed on the loan package, which will help preserve the affordability of all 294 units at Shannon Lake Apartments.
Jonathan Rose Cos. Sells Affordable NJ Asset
SVN Affordable assisted the company in the $47.5 million sale of St. Mary’s Villa, an age-restricted property encompassing 360 one-bedroom units.
Evergreen Real Estate Grows Affordable Housing Management Portfolio
The Chicago-based firm added nine communities totaling more than 1,000 affordable housing units located in Illinois, Kansas, Ohio and Wisconsin.
Jamboree Breaks Ground on Affordable OC Project
Encompassing 75 units, Santa Ana Veterans Village will cater to homeless veterans and their families. The developer estimates the total development costs at $29.7 million.
NXT Capital Provides $18 Million Financing for TX Acquisition
The Class B+ community is located in Houston, roughly 11 miles west of George Bush Intercontinental Airport and 1 mile west of Interstate 45.
Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
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.