Affordable Housing
TODAY’S DEALS: Greystone Closes $54.5M Bridge Loan for Hamptons Skilled Nursing Acquisition
Greystone closes a bridge loan for a 280-unit skilled nursing facility; Hybrid Capital arranges $12 million for an affordable housing asset in Camden, N.J.; and Waypoint Residential acquires a Tennessee apartment community.
The Mark Co. Takes on Branding of San Francisco Shipyard and Candlestick Point
Lennar Urban has tapped The Mark Company in the residential branding and design of San Francisco Shipyard and Candlestick Point, the city’s largest redevelopment effort since the 1906 earthquake and fire.
New Garden Grove Apartments Mark a Push to Multifamily for Brandywine Homes
Single-family homebuilder Brandywine Homes is making a push into mutlifamily with the completion of Waterstone, a 25-unit community located in Garden Grove, Calif.
Housing Trust Group Breaks Ground on Affordable Seniors Housing in Fort Lauderdale
Backed by financing from US Bank, Housing Trust Group has broken ground on a 112-unit affordable seniors housing asset in Fort Lauderdale.
TODAY’S DEALS: Altman Development Completes $46.8M Disposition
ARA brokers a 360-unit sale in Raleigh, N.C.; NorthMarq arranges a $22.4 million mortgage for a high-rise; and Centerline Capital Group provides $18.8 million for an affordable development in Austin.
Native American Connections Opens Affordable Asset in Phoenix
A new 70-unit, mixed-use affordable housing community has opened in downtown Phoenix.
CIM Group Purchases Lower East Side Community
Los Angeles-headquartered CIM Group has purchased 265-275 Cherry Street, a Section 8 HUD subsidized housing community in Manhattan’s Lower East Side.
Tryko Partners Acquires Affordable Housing Community in Pennsylvania
New Jersey-based Tryko Partners acquires an 86-unit affordable housing community in Leechburg, Pa.
Affordable Housing Slated for San Francisco’s Hunters Point Shipyard
AMCAL Multi-Housing and Lennar Urban to develop affordable apartments in southeast San Francisco’s Hunters Point Shipyard-Candlestick Point.
Related Completes Affordable Housing Rehab in Middleton, NY
Major renovations at the at the Southeast Towers residential building in Middletown, N.Y., have been completed.