WRIT Acquires DC Class A Apartments
Washington Real Estate Investment Trust acquires a 12-story, Class A asset in Washington, D.C.
Benenson Capital, Rose Partners Team on Brooklyn Mixed-Use Project
Benenson Capital Partners has forged a joint venture partnership with Rose Associates to develop a mixed-use tower in downtown Brooklyn. The two family-owned firms have a solid track record together in New York City.
Quilvest, Greystone Join Forces to Buy Apartment Properties
Greystone and Quilvest & Partners have formed a joint venture to acquire U.S. multifamily assets. According to the partners, the initial target markets will be in the Southeast, mid-Atlantic and Midwest.
TODAY’S DEALS: Grandbridge Closes $33.3M for South Carolina Acquisition
Grandbridge closes financing for a 325-unit acquisition in South Carolina; Berkadia originates $9.1 million for a Washington buy; and NorthMarq Capital secures a 12-year bank refinance loan for affordable housing in Hoboken.
Embrey Developing MF in Colorado’s Ken Caryl Ranch
Embrey Partners is developing a luxury 250-unit, Class-A multifamily community in Colorado’s prestigious Ken Caryl Ranch neighborhood.
Investors Snap Up Suburban Denver Apartments for $40M
RedPeak Properties has sold two Colorado apartment communities that total 360 units. ARA brokered the two separate sales.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Related California Begins Rehab of Berkeley Public Housing Units
Related California has acquired 75 units in 15 public housing sites from the Berkeley Housing Authority. The new partnership will renovate the units with the goal of improving a component of the city’s housing inventory for large families.
AMCAL Announces Completion of Santa Ana Special Needs Community
A new 41-unit community offering affordable housing for those with physical and developmental disabilities has reached full occupancy.
Economy Watch: Existing Homes Sales Drop in January
Weather is blamed for slow single-family sales and the G20 announces plans for structural reforms to facilitate global growth.