TODAY’S DEALS: Centerline Provides $328M Structure to Finance Portfolio in Suburban Washington, D.C.
Centerline provides a $328 million Freddie Mac CME loan to finance portfolio of eight properties; Campus Crest Communities announced four new developments; and Beech Street closes $12.5 million for two communities in Southern California.
PROFILE: Greystar Real Estate Partners LLC
In 2011, Greystar Real Estate Partners occupied for the first time the number one spot as the nation’s largest apartment manager.
APARTMENT MARKET STATISTICS: October 2011
Industry statistics are featured in the October 2011 issue of Multi-Housing News.
PROFILE: Alchemy Properties Inc.
Some market observers may not think of this as much of a condominium market, but the 21-year-old Alchemy Properties Inc. is continuing to develop condos in the Manhattan market as usual.
Profile: LCOR Residential
Fully-integrated LCOR says it has been busiest on the services side of the business, providing multifamily property and asset management.
PROFILE: HighPoint Holdings
HighPoint Holdings LLC, a real estate private equity firm, provides a lesson in how it is still possible to acquire Class A apartment properties at discounts in today’s markets.
TODAY’S DEALS: Love Funding Arranges $54.4M Loan
Love Funding announced the closing of a $54.4 million loan refinancing for Parkview Towers, a 688-unit apartment community in West New York, N.J., that was the first ever project-based Section 8 property approved by the state; and ARA’s Central Florida team represents a TIC in an $89,670/unit sale.
TODAY’S DEALS: NorthMarq and Deepwater Advisors Sell Washington D.C. Apartment Building
NorthMarq Investment Services and Deepwater Advisors LLC announced the sale of The Ellington Apartments; and ARA brokers asset sale in the secondary market.
Profile: Transwestern
The Sunbelt may still be hot. Steve Pumper, executive managing director, Investment and Asset Services Group, Transwestern, believes there is still a lot of growth potential left in the warm southern states.
Profile: Jonathan Rose Companies
New York–Here is an investment strategy with a difference: Jonathan Rose Companies is looking to purchase apartment properties–affordable apartment properties, that is.