TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community
Inland Real Estate Picks up a 384-unit asset from Milhaus in an HFF-brokered sale; Gebroe-Hammer closes 13 multifamily sales in July and August; and Meridian Capital brokers $29 million in creative acquisition and construction financing for a boutique condominium project.
The Judges Speak: Robert Landis, Raymond James Tax Credit Funds
Robert Landis, SVP & director of asset management, Raymond James Tax Credit Funds, gives a rundown on his takeaways from the 2014 MHN Excellence Awards submissions. The affordable sector has elevated its design to the point where it is hard to tell the different from market rate without looking at rental terms. Also, Landis speaks on the maturing multifamily market and a changing perception of what apartments mean for a neighborhood.
The Judges Speak: Robert Landis, Raymond James Tax Credit Funds
Robert Landis, SVP & director of asset management, Raymond James Tax Credit Funds, gives a rundown on his takeaways from the 2014 MHN Excellence Awards submissions. The affordable sector has elevated its design to the point where it is hard to differentiate between affordable and market rate without looking at rental terms. Also, Landis speaks on the maturing multifamily market and a changing perception of what apartments mean for a neighborhood.
TODAY’S NEWS: Cohen Financial Secures $64M for a Colorado Development
Cohen Financial secures financing for a 312-unit development between Denver and Boulder; Equicap arranges a $12.5 million mortgage for a portfolio in New York’s East Village; and Grandbridge Real Estate Capital obtains a $8.35 million life insurance company loan for a portfolio of properties located in the Twin Cities.
TODAY’S DEALS: California Investor Sells 559 Units in San Antonio
ARA brokers a 599-unit sale for Regional Investment & Management; Grandbridge closes a $33 million refinance for a Texas apartment community; and NorthMarq Capital arranges a $21.4 million construction loan.
TODAY’S DEALS: Lee & Associates Sells Five Units for $2.3M
Lee & Associates achieves the highest per-unit price in California’s Conejo Valley; a 292-unit community in Fort Worth trades hands with help from Marcus & Millichap; and Berkadia secures nearly $12 million for a mixed-use co-op property.
TODAY’S DEALS: TIAA-CREF, TIAA Henderson Close Apartment Fund with $420M Value-Add Target
TIAA-CREF and TIAA Henderson close a value-add CASA fund after raising $260 million in equity; Pure Multi-Family REIT lands acquisition financing for communities in Arizona and Texas; and ARA arranges the sale of an Austin property to an affiliate of Heitman.
TODAY’S DEALS: EdR Nabs 900 Luxury Beds Serving Arizona State University
EdR buys a student housing asset with a lazy river pool; Berkadia negotiates and originates over $21 million under time limit; and Sperry Van Ness | TJF Investments brokers a 77-unit sale in Dallas.
TODAY’S DEALS: Allianz Provides Permanent Financing for Class A Cincinnati Asset
HFF arranges permanent financing for a Flaherty & Collins property; Berkadia arranges nearly $80 million for a multifamily portfolio in Los Angeles; and National Cooperative Bank originates $60.5 million in new loans during August.
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.