TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M
Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston.
Question: What is Both Green and Economical? Answer: Shipping Containers
Shipping containers are refurbished for use in construction, saving both resources and costs.
TODAY’S DEALS: Hunt Mortgage Supplies $44.4M Full-Term, Interest-Only Loan
Hunt Mortgage Group provides a $44.4 million Freddie Mac loan to facilitate the acquisition and upgrade of a multifamily property; and Walker & Dunlop structures a $54.8 million Fannie Mae loan.
TODAY’S DEALS: Hunt Mortgage Closes Loan Under Freddie Mac’s Small Loans Program
Hunt Mortgage Group provides a small loan for a property located in Los Angeles; and Largo obtains financing for manufactured housing communities.
Run, Don’t Walk, if You Can Match These Criteria: Q&A with Eric Silverman, Eastham Capital
Having raised $100 million for its latest fund, a private equity firm seeks distressed properties, property management partners.
TODAY’S DEALS: Berkadia Provides Financing, Negotiates $40M Sale
Berkadia announced the financing and sale of two properties in Oregon; Hunt Mortgage supplies a $43.65 million acquisition loan; and a Bascom/Oaktree venture closes in a Dallas suburb.
APARTMENT MARKET STATISTICS: February 2015
The prices of multifamily properties sold fell to $144,149 per unit in the third quarter compared to $124,768 in the previous quarter, reports PPR, a Costar company.