Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Praxis Capital Expands Atlanta Footprint With $41M Buy
With help from Berkadia, the company has become the new owner of two garden-style communities totaling 420 units.
Orlando Affordable Community Opens
The property’s 166 units cater to residents earning 60 percent or less of the area’s median income and to formerly homeless households.
Redwood Capital Pays $91M for Suburban Chicago Property
Completed in 2018, the 236-unit luxury community is within walking distance of Deer Park Town Center.
Castle Lanterra Pays $77M for Tampa-Area Asset
The developer sold the 339-unit, fully occupied luxury community shortly after completion.
Castle Lanterra Sells Revamped Atlanta Asset for $45M
The company acquired the 322-unit Landing Square community in December 2016 for $32 million.
Memory Care Facility Scores $48M Loan in Manhattan
Coast to Coast Assisted Living Realty refinanced the 70-bed assisted living community located 1 mile from Central Park.
Tampa Community Sells for $57M
Royal Imperial Group acquired the 484-unit multifamily asset and plans to update amenities and apartment interiors.
Affordable Senior Community Opens in West Palm Beach
Housing Trust Group completed the first affordable development built in Riviera Beach in the last 40 years.
Luxury Senior Community Tops Out in Sarasota
Watercrest Senior Living Group and United Properties broke ground on the 198-unit development in April, with expected completion in the summer of 2020.
Forest Properties Sells Sarasota Community for $42M
The buyer is planning to undertake a thorough renovation of apartment interiors at the 267-unit property.