Affordable Housing
Detroit Community Reopens Following $12M Renovation
The Hamilton Midtown, a 105-year-old historic building previously known as Milner Arms, underwent an extended renovation that lasted more than a year.
On the Market: 5 Interesting Listings for the Week of 10/15
This week’s listings include a student housing investment opportunity in Boca Raton, an affordable community in Tampa, and more.
Avanath Pays $72M for 2 Chicago-Area Affordable Communities
The company acquired Hinsdale Lake Terrace for $63 million from the Laramar Group, and paid $9.2 million for Drexel Court, which it acquired from DMI Real Estate Group.
Tackling San Diego’s Affordable Housing Crunch
San Diego is dealing with its most severe affordability crisis in 25 years. Local developer Affirmed Housing’s Jim Silverwood and SVA Architects’ Ernesto Vasquez share their views on local housing legislation and trends in the sector.
Lightstone Refinances 16 Properties in VA
Dan Sacks of Greystone’s NYC office originated more than a dozen Freddie Mac loans for a diversified portfolio of student, affordable and workforce housing.
Jacksonville Affordable Community Opens Doors
The Vestcor Cos.’ 96-unit senior living asset—the first in Clay County—welcomed its first residents, approximately one year after breaking ground.
Affordable Community for Seniors Opens in CA
Mission Cove Seniors features sustainable design and eco-friendly amenities for seniors, formerly homeless and veterans at its Oceanside location.
Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
CPC Originates $11M Refi for Brooklyn Assets
The finance company provided the Freddie Mac loans for three multifamily properties in Cypress Hills, Crown Heights and Fort Greene.
Bellwether Secures $43M for MI Affordable Housing
The mortgage banking company provided structured financing for the development of 10 mobile home communities in Michigan.