TODAY’S DEALS: Prudential Provides $115.8M for Mixed-Income D.C. Development
A 520-unit development in Northeast Washington, D.C., lands financing; HFF arranges refinancing for two communities in Minnesota and South Dakota; and Capital One Bank closes on a $24 million private placement revenue bond.
TODAY’S DEALS: Ginkgo Residential Buys Apartment Communities in Virginia
Ginkgo Residential grabs three assets from Berkshire Property Advisors; Bell Partners buys a 316-unit community in Fort Worth; and Mission Capital arranges $31.4 million in debt and equity financing for a new downtown construction.
Northern New Jersey Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and Jack Kern discuss Northern New Jersey apartment market fundamentals in this edition of MHN’s apartment market podcast.
TODAY’S DEALS: Vesper Acquires 1,002-Bed Student Housing Asset in Tampa
Vesper expands its student housing portfolio in Florida; Marcus & Millichap Capital Corp. arranges $38.5 million in construction financing in Northern California; and Passco Companies acquires a property located in South Carolina for $30.9 million.
TODAY’S DEALS: IMT Acquires 338 Units from Wood Partners in Denver
Wood Partners sells a newly built community in Denver; a Beacon affiliate acquires 204 units in Amherst from an Equity Residential affiliate; and Capital One Bank closes on an $8.6 million Fannie Mae structured Adjustable Rate Mortgage.
The Judges Speak: Doris Pearlman, Possibilities for Design
Doris Pearlman, president, Possibilities for Design, gives her takeaways from the pool of submissions to MHN’s 2014 Excellence Awards. Jobs with straight forward design implementing strong lines and color textures were well received. Also, money continues to move into the amenity spaces.
The Judges Speak: Doris Pearlman, Possibilities for Design
Doris Pearlman, president, Possibilities for Design, gives her takeaways from the pool of submissions to MHN’s 2014 Excellence Awards. Jobs with straight forward design implementing strong lines and color textures were well received. Also, money continues to move into the amenity spaces.
TODAY’S DEALS: Forest City Buys Out Equity Partner in Modular Brooklyn High-Rise
Forest City buys out its equity partner in a modular Brooklyn high-rise amid a construction dispute; Ivanhoé Cambridge partners with Black Creek on a Mexico City development; and NorthMarq Capital completes a $15.75 million Freddie Mac refinance with forward lock.
The Judges Speak: Jeffrey Resetco, EdR
Jeffrey Resetco, vice president of development and construction services at student housing REIT EdR, discusses his takeaways from the 2014 MHN Excellence Awards submission pools. From high-quality affordable communities to new amenity trends in student housing, Resetco was impressed by the submissions and all the geographic markets represented. That said, floor plan innovation was lacking.
TODAY’S DEALS: Berkadia Secures $107M in Multi-Layered Financing for Portfolio of Las Vegas Properties
Berkadia Commercial Mortgage arranges $102.9 million in financing for Angelo, Gordon & Co. and Interwest; Gelt Inc. wraps up its first purchase in Utah; and Wells Fargo provides $26 million for a mixed-use development in Raleigh, N.C.