AMG Realty Offloads Ohio Community
A private investor acquired the 66-unit asset in Columbus’ North Linden submarket for $2.1 million. This marks the community’s second ownership transfer this year.
Related Breaks Ground on SF Property
The 299-unit project, known as 1601 Mariposa, will include 60 affordable apartments and more than 9,400 square feet of street-level retail.
East Bay Community Secures $13M Refi
Walker & Dunlop arranged the loan to retire the previous 10-year, $8.7 million Fannie Mae mortgage for Regency Plaza in Martinez.
SF Affordable Property Lands Refi
The new loan, provided by JPMorgan Chase, pays down $11.3 million in construction financing provided by the city in 2001.
29th Street Capital Buys First SLC-Area Community
The company plans to invest approximately $10,000 per apartment to update Twin Trees Apartments’ 43 units and enhance the property’s exterior.
Carmel Partners Trades SF Asset
Pacific Urban Residential paid more than $40 million for the 69-unit property, with Berkeley Point Capital providing acquisition financing for the transaction.
YES Housing Launches Affordable Development in ABQ
Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.
Another Affordable Property Opens in ABQ
Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.
Affordable Albuquerque Community Opens Doors
The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.
AMG Realty Trades 512-Unit NM Property
The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.