Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. She has a 12-year background in broadcast media and joined the CPE-MHN team in 2016. Laura edits in-depth stories on key trends shaping the commercial and multifamily real estate industries, coordinating a team of experienced writers. She also hosts award-winning podcast shows for both brands, including Mission Success: Women in Multifamily, NAA Insights, FTI Experts’ Hub, RICS Monitor and CREW Up.
Laura holds a B.A. in Journalism and an M.A. in Media Management. She can be reached at📧 laura.valean@cpe-mhn.com
Berkadia Completes Sale, Secures Financing for MO Property
The Links at Parkville Apartments is a 244-unit multifamily asset in Parkville, near Kansas City. Senior Director Michael Sullivan, Director Brett Meinzer and Managing Director Alex Blagojevich worked on behalf of the seller.
2 Affordable Communities Debut in Irvine
FivePoint Holdings, Related California and its partners recently debuted Luminaira and Espaira, two communities totaling 166 units for low-income families.
Should Landlords Run Criminal Background Checks?
A credit check establishes whether an applicant is willing and able to pay rent. For most landlords, running criminal background checks on prospective residents is also a mandatory step in the rental process. However, property owners and managers should find a balance between their safety need and HUD’s inclination to make finding a home easier for people with criminal records.
Capital One Closes Freddie Mac Loan for SoCal Property
The $9.5 million loan will be used to refinance Midway Meadows, a 92-unit apartment community in Orange County’s Midway City.
NRP Group Launches Third-Party Construction Unit
NRP Construction will be involved in residential construction projects in Texas. The company’s specialty is design-assist and design-build.
Greysteel Brokers Sale of 814-Unit Dallas Portfolio
Forest Cove features 656 units and North Creek includes 158 units. Greysteel Managing Directors Doug Banerjee and Boyan Radic, Senior Investment Associate Andrew Mueller and Investment Associate Andrew Hanson negotiated the sale.
IPA Brokers Sale of Rio Grande Valley Asset
Executive Director Will Balthrope, Senior Director Drew Kile and Associates Jordan Featherston and Joey Tumminello represented the seller and procured the buyer, Presidium. American Agape Foundation is the former owner of the 288-unit property in Harlingen, Texas.
Marcus & Millichap Arranges Sale of VA Community
The 40-year-old, 22-building community commanded $75,000 per unit. A private investment entity based in New York purchased the 160-unit asset in Virginia Beach.
FCP Snags 4th Charlotte Community
The company paid $22 million for Hunters Pointe Apartments, 386-unit community in the University area. Capstone Apartment Partners represented the seller, Asia Capital Real Estate.
Affordable Orlando Property Receives $17M HUD Loan
Dougherty Mortgage arranged the financing for Landon Pointe Apartments, a 276-unit community managed by Dominium. The transaction involved the re-syndication of an existing LIHTC project.