NJ Senior Community Lands $8M Refi
Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.
Houston-Area Communities Land $87M in Financing
Two Houston-area multifamily assets, totaling 1,553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects obtained floating-rate, interest-only and non-recourse loans.
KTGY-Designed Fremont Senior Community Breaks Ground
A partnership between Eden Housing and the City of Fremont is developing the property on the corner of Warren Avenue and Mission Falls Court. The community will feature 90 one- and two-bedroom units.
Portland Community Lands $14.5M Refi
The Altoma Real Estate Advisors were responsible for arranging the mortgage services for Tess O’Brien Apartments. The borrower was backed by key principal Martin Kehoe.
Citymark Acquires 274-Unit Phoenix Asset
West Town Court is located near numerous employers, retail establishments and entertainment centers. Built in 2009, the community comprises one-, two- and three-bedroom residences.
RADCO Acquires 336-Unit Orlando Community
The company bought Radius Winter Park for $36 million and plans to spend up to $5 million on capital improvements to modernize the community.
Madison Adds Director of Investments
Kyle Torpey brings extensive experience in the real estate investment sector. In his new role, he will be responsible for company transactions in both the U.S. and global markets.
Sunrise Management Recruits New VP
A 15-year industry veteran, Danielle Munoz will focus on property management for the company’s Southern California portfolio.
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