TODAY’S DEALS: Clarion Partners Completes 246-Unit Sale in Fairfax, Va.
ARA brokers Clarion Partners’ sale of a 246-unit asset; and First Premier Equity completes a 132-unit acquisition in Illinois.
TODAY’S DEALS: Grandbridge Closes $21M Acquisition Loan in Georgia
Grandbridge closes financing for a 215-unit Georgia acquisition; Capital One Multifamily Finance provides $22.6 million to refinance three skilled nursing assets in the Midwest; and NorthMarq Capital finalizes Freddie Mac transactions totaling $13.3 million.
TODAY’S DEALS: Arbor Finances $128.9M in National Multifamily Deals
Arbor Commercial Funding details 14 recent transactions totaling $128.9 million; and SVN Chicago Commercial sells a 34-unit portfolio for $2.3 million.
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: Stamford Apartment Community Trades for $75.1M
A 368-unit Stamford apartment asset trades hands with help from IPA/Marcus & Millichap; Greystone provides Presidium with a $19.5 million bridge loan for two Dallas acquisitions; and Raintree Partners acquires 39 units in the San Fernando Valley.
TODAY’S DEALS: GoldOller Acquires 1,998-Unit Community in Indiana
One of the largest rental communities in the United States trades hands for $85 million; and a joint venture between Balfour Beatty and ApexOne buys a 152-unit boutique community in Lady Lake, Fla.
2014 Top Multifamily Owners
This month we salute the largest multifamily owners. The apartment sector has enjoyed a considerable amount of success coming out of the recession due to both demographic and economic drivers.
The Judges Speak: Nancy Ruddy, CetraRuddy
Nancy Ruddy, founding principal of architecture and interior design firm CetraRuddy, gives her takeaways from the 2014 MHN Excellence Awards submissions. While Ruddy was happy to see the quality of architecture and design improve within the affordable sector, she questions the trend of highly amenitized student housing.
TODAY’S DEALS: Forum Sells Denver Apartment, Achieves Record Price Per Square Foot
ARA brokers Forum Real Estate Sale of a 57-unit apartment in Denver; Titan SenQuest grabs a seniors housing community in Grand Rapids; and Meridian Capital Group arranges a $2.3 million loan with a below-market interest rate.
The Judges Speak: Nancy Ruddy, CetraRuddy
Nancy Ruddy, founding principal of architecture and interior design firm CetraRuddy, gives her takeaways from the 2014 MHN Excellence Awards submissions. While Ruddy was happy to see the quality of architecture and design improve within the affordable sector, she questions the trend of highly amenitized student housing.