IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here—Twitter: @IvyLeeRosario and LinkedIn: https://www.linkedin.com/in/ivyleerosario/
Atlantic | Pacific Cos. Secures $40M TX Community
Avana Point in Fort Worth is set to be renamed The Atlantic Station and is the company’s 13th owned and managed asset in the Texas market, bringing its total portfolio to 4,271 units.
Hunt Mortgage Arranges $10M for FL Acquisition
The firm secured a Freddie Mac loan on behalf of Eric Schifferli for its purchase of Seaside Villas, a 121-unit garden-style community located in Gulfport.
StoneRiver Co. Acquires 625-Unit AL Portfolio
The company purchased Huntleigh Woods, Southern Oaks and Ashford Place, all located in Mobile. Each of the communities has its original interiors and offers a value-add opportunity for the new owner’s Fund I.
MBK Senior Living Acquires $382M Portfolio
The properties, which recently underwent $25 million in capital improvements, include nine senior housing communities across California, Washington and Arizona, totaling 1,200 units.
Meridian Arranges $23M Loan for TX Community
The firm secured a three-year loan that will be used to recapitalize the 344-unit Wildwood in Austin, which features a playground, a pool and 650 parking spaces.
WinnCos. Breaks Ground on Boston Veterans Housing
The Residences at Brighton Marine is the first of its kind to offer mixed-income housing in Boston since World War II. It will include 102 units and on-site services and is scheduled for completion by December 2019.
Republic Properties Acquires $78M VA Asset
CBRE arranged the sale of Crystal Woods of Alexandria, a value-add community that offers a fitness center, 25 laundry facilities and 450 parking spaces.
MHN Poll: Q1 Expectations
MHN has a new poll! We want to know how your predictions compare to this year’s actual performance.
Trion Properties Acquires $28M OR Community
The purchase of Pacific Crest in Tigard marks the firm’s 10th investment in the Portland area within the last three years, bringing its area portfolio to 700 units.
Starlight, Blackstone Acquire 746 Units in Canada
The portfolio comprises six communities located in Toronto and Montreal, which include low-, mid- and high-rise buildings. This marks Blackstone’s first investment in the Canadian multifamily market.