TODAY’S DEALS: Passco Buys a Class A Community in Indiana
Passco buys a 280-unit asset in an Indianapolis suburb; Grandbridge closes $38.8 million for three communities; and Alliant Capital originates a $1.7 million small loan at a 3.81 percent interest rate.
TODAY’S DEALS: Prudential Provides $160.4M for Two NYC Apartments
Prudential provides $160.4 million for two Manhattan acquisitions; Canadian REIT Morguard completes a six-property purchase in the South; and NorthMarq Capital arranges a $23.85 million fully amortizing loan.
TODAY’S DEALS: Walker & Dunlop Arranges $12.4M for Iowa Independent Living Facility
Walker & Dunlop provides $12.4 million for an independent living asset in Iowa; and Beech Street Capital closes $18 million for an Orlando acquisition.
MHN TV: Apartment Investment and Development Trends
Robert DeWitt, CEO of The General Investment & Development Companies (GID), gives MHN a thorough rundown on apartment investment and development trends at NMHC’s 2013 Apartment Strategies/Finance Conference in Dallas.
TODAY’S DEALS: CBRE Global Investors Buys a 352-Unit Community in Houston
CBRE acquires an asset near the Texas Medical Center; and Oak Grove Capital originates two HUD 223(f) loans totaling $37.1 million to the Cornerstone Group.
TODAY’S DEALS: MAA Buys 260-Unit Asset in Virginia
MAA buys an upscale asset in Fredericksburg, Va.; and Trade Street Residential buys two communities in the Carolinas.
TODAY’S DEALS: PCCP Lands $30M for Queens Conversion
PCCP arranges $30 million for a Long Island City redevelopment; and Variant adds a 280-unit Georgia asset to its portfolio.
TODAY’S DEALS: Centerline Provides $66.2M for Three Pennsylvania Assets
Centerline refinances three assets; and Harbor Group International buys a 256-unit apartment community in Virginia Beach.
TODAY’S DEALS: Elco Landmark Apartment Trust Acquires Six Assets
Elco Landmark Apartment Trust completes a series of acquisitions in Texas and North Carolina; and Johnson Capital arranges $18.64 million in joint venture equity financing for two new construction projects.
TODAY’S DEALS: Landmark Acquires 600 Units in Carolinas
Landmark Apartment Trust of America acquires two properties in the Carolinas; Continental Realty Advisos buys a 560-unit community in Orlando; and Walker & Dunlop closes $152 million for properties in the Midwest in the first quarter.