TODAY’S DEALS: Federal Capital Partners Buys Virginia Asset for $20M
Federal Capital Partners buys 127 units; Centerline Capital arranges $6 million for a Pennsylvania purchase; and Beech Street Capital closes $5.7 million Fannie Mae conventional loan.
TODAY’S DEALS: Vesper Acquires Texas Student Housing Asset
Vesper Holdings buys a 450-bed asset; The Bascom Group completes a Colorado sale with help from ARA; and Alliant Capital completes a $2.1 million loan.
TODAY’S DEALS: Milestone Apartment REIT Completes $200M IPO
A Canadian investor goes public, plans large U.S. buy; Pennrose is selected as the co-developer for an affordable/public housing development in Brooklyn; and Cassidy Turley represents Mark-Taylor, Kitchell Development in joint venture purchases totaling 30 acres.
TODAY’S DEALS: Landmark Buys 795 Units
Landmark Apartment Trust acquires three communities; Beech Street closes a $5.7 million refi on a Chicago asset; and Johnson Capital arranges a $21.32 million loan for Seattle property.
TODAY’S DEALS: EdR Begins On-Campus Asset at West Chester University
EdR closes financing on and begins a new project; M West Holdings completes a 101-unit buy in Los Angeles; and Eastern Union arranges $25 million in financings.
TODAY’S DEALS: Cassidy Turley Arranges $129M in Construction Equity, Debt Financing for Insight Property Group
Cassidy Turley arranges $129 million in construction equity and debt financing on behalf of two Insight Property Group developments; Colonial Properties Trust buys a 280-unit community; and The RADCO Cos. acquires a Chicago-area property for $27.9 million.
TODAY’S DEALS: Bascom Acquires Two Arizona Assets
A Bascom Arizona Ventures subsidiary buys two properties; Timberland Partners sells a Texas asset with help from ARA; and NorthMarq Capital arranges two-year interest-only mortgage refinancing for a $30 million Freddie Mac loan.
Get Your Residents Wheels with Zagster
Zagster is the one-stop solution for property managers looking to add a bike share to their community. Your residents will surely appreciate the service for running errands or even getting to work.
2013 Seniors Housing Outlook
Longtime seniors housing expert Mel Gamzon offers insights into the seniors housing market after a particularly strong 2012. This installation of insights from Gamzon examines trends showing why seniors housing is a smart investment in both the short and long term.
TODAY’S DEALS: Variant Buys 3,709-Unit Portfolio in Receivership Sale
Variant acquires a 14-property portfolio; CBRE New England sells two Boston walk-ups; and ARA Dallas announces sale of Class A property in a top city.