Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Carter Multifamily Acquires GA Community
The new owner will renovate and reposition the 159-unit garden-style property located south of downtown Savannah. The community was more than 90 percent occupied at the time of sale.
Detroit-Area Community Scores $23M Refi
Berkadia secured a 15-year Fannie Mae loan for the 180-unit garden-style property located less than 5 miles from downtown Rochester.
Sarasota Luxury Condo Tower Gets $75M Financing
The 49-unit high-rise is slated for completion in the first quarter of 2020. Knighthead Funding provided the construction loan for BLVD Sarasota in the city’s Rosemary District.
OH Community Sells for $15M
Link Real Estate Group acquired the 432-unit property in Franklin County that last traded in 2010. Income Property Organization brokered the deal.
Welltower Acquires San Antonio Senior Living Portfolio
The two luxury properties, totaling 335 units and offering independent living, assisted living and memory care services, have been rebranded together as Discovery Village at Dominion.
FL Affordable Senior Community Gets $20M in Loans
The new owner plans to invest approximately $3.6 million in renovations at the 104-unit property located in Pinellas County. Hunt Real Estate Capital provided the financing.
JV Breaks Ground on Miami High-Rise Community
The 434-unit luxury residential project will be part of Miami Worldcenter, a 27-acre, $4 billion mixed-use development now under construction in the heart of the city.
Peak Campus Expands Florida Management Portfolio
The company will manage University Pointe, a student housing community serving students at neighboring universities in Miami. The property is slated for delivery in time for the fall 2019 semester.
Luxury NJ Senior Housing Opens Doors
The 73,000-square-foot 85-unit facility is the first assisted living and memory care property built in the borough since 2000, under the management of Chelsea Senior Living.
Miami-Area Luxury Community Welcomes First Residents
The 10-story, 227-unit building is the largest residential project developed in Coral Gables in almost a decade. More than 65 percent of the condominiums are already sold.