Multifamily news in Affordable Housing - Phoenix
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Greenlight Communities Lands $23M for Phoenix Project
JLL secured the funds for the developer and facilitated a joint venture equity partnership with Bridge Investment Group.
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Greenlight Communities Completes 2 Phoenix Attainable Housing Properties
The developer financed the 478 units’ construction with two loans totaling more than $51 million.
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City of Phoenix Breaks Ground on Affordable Housing Project
Monroe Gardens Apartments will replace an obsolete 38-unit public housing community in the city’s Sky Harbor submarket.
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Partially Affordable Community Trades in Phoenix
The property was completed in 2001 under Section 42 LIHTC provisions. The community is near the Interstate 10 employment corridor and approximately 36 miles from downtown Phoenix.
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On the Market: 4 Interesting Listings for the Week of 1/21
This week's listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
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Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
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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.
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Affordable Phoenix-Area Community Trades for $16M
Johnathan Smith, Brian Smuckler and Jeff Seaman of CBRE facilitated the sale of the 152-unit property in Peoria, Ariz., to a local investor.
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CDP Opens Affordable Phoenix Suburb Community
El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.
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Rainbow Tapped for Phoenix Affordable Community
The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.
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Dougherty Mortgage Secures Refi for Arizona Community
The company has arranged a $2.7 million loan for the affordable apartment community located in the Tucson-area municipality of Green Valley, Ariz.
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Affordable Loft Condos Coming to Downtown Phoenix
The new 65-unit deluxe community will be located at 901 W. Washington St., close to State Capitol and Valley Metro Light Rail.
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UMOM Details Plans for Affordable Housing Project in Sunnyslope
A new affordable housing project is coming to Phoenix through the initiative of UMOM and through the financial support of the Arizona Department of Housing (ADOH) and The Bob & Renee Parsons Foundation.
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Rentals Take Center Stage as Phoenix Housing Market Reinvents Itself
By Alex Girda, Associate Editor Phoenix real estate news this past week comprised the most diverse of subjects, with both leasing and sales making the headlines. Probably the most relevant piece of news for the Phoenix area focused on one of the [...]