$500M Fund Targets Bay Area Affordable Housing Shortage
A consortium of leading Bay Area philanthropy, business and community advocates—including the organization co-founded by Facebook’s CEO—is launching one of the largest housing investment funds in the U.S.
TruAmerica Expands in Georgia
The company teamed with Tokyu Land US Corp. to acquire two Atlanta communities in separate transactions totaling $127.35 million.
Queens Luxury Building Lands $116M Loan
The financing, provided by Benefit Street Partners Realty Trust, will be used to pay down debt and add new amenities to the building’s units, fitness center and lobby.
Shelton-Cook Seeking Prudent Growth
Principal Thomas Shelton discusses the Phoenix-based property management firm’s strategy for growth and response to current multifamily market conditions.
Seattle Tower Project Secures $185M
Square Mile Capital originated the loan for the 352-unit development on behalf of a joint venture between Laconia Development and Vanke Holdings USA.
$100M Deal to Preserve Affordability in South Bronx
A joint venture led by NCV Capital partners secured debt and equity to fund and rehab a 13-building, 515-unit affordable housing portfolio.
4-State Student Housing Portfolio Changes Hands
A three-way joint venture acquired communities in Georgia, Tennessee, Texas and Washington. The properties encompass 2,282 units.
PCCP, Bainbridge Cos. to Develop FL Community
The joint venture will build Bainbridge St. Johns Town Center, a Class A, 276-unit property in Jacksonville.
On-Campus AZ Student Housing Commands $27M
Harrison Street Real Estate has acquired Century Hall, a 170-unit, 318-bed property at Arizona State University – Polytechnic Campus in Mesa.
Downtown Austin Will Be Home to New Micro-Unit Community
Transwestern Development Co. acquired 1.6 acres to build 263 units and a 3,000-square-foot restaurant.