TODAY’S DEALS: MIG Acquires 304-Unit Asset in Scottsdale
MIG Real Estate buys a Scottsdale asset; McCann enters San Antonio with a 324-unit buy; and Beech Street Capital assists a borrower to lock rate six months in advance in a $15 million Fannie Mae refinance.
TODAY’S DEALS: NorthMarq Arranges $39.5M Fannie Mae Mortgage for Acquisition
NorthMarq Capital arranges a $39.5 million Fannie Mae loan through AmeriSphere Multifamily Finance; a JV buys a large Maryland asset; and Steadfast acquires a 26.4-acre parcel in Kentucky with plans for a 256-unit development.
2013 Top Multifamily REITS
Multifamily REITs have maintained a high-growth trajectory over the past nine months and we expect them to continue to do so. These firms have become increasingly competitive and powerful because of their strong management and ability to raise almost limitless capital.
TODAY’S DEALS: SoCal LIHTC Property Trades for $23.4M
Marcus & Millichap arranges the $23.4 million sale of LIHTC property; SBV Communities enters South Carolina with a 332-unit buy; and Alliant Capital closes on a $4.95 million loan.
Alno Introduces ‘Kitchen of Tomorrow’ with New Ceramic Front Surface
Multifamily designers now have the option for a truly unique kitchen effect thanks to Alno’s introduction of CERA, a new frontal surface made from micro-fine oxides and silicides.
TODAY’S DEALS: TGM Associates Buys 712-Units in Chicago Suburb
TGM Associates buys a 712-unit asset from RREEF; Oak Grove Capital originates five loans in two weeks; and a Southern California LIHTC property sells for $23.4 million.
Health-Oriented Low Income Community Opens in the Bronx
A 124-unit asset with a hydroponic farm opened yesterday in the Bronx. The Arbor House is part of New York’s New Housing Marketplace Plan, and was developed by Les Bluestone.
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
TODAY’S DEALS: JV Lands Acquisition Financing for N.C. Student Asset
Pierce Education and Core Properties land acquisition financing through HFF; Behringer Harvard acquires a 312-unit community in Jacksonville; and McKinley obtains a $14.2 million bridge loan with Bank of America.
TODAY’S DEALS: GID Announces Phase II of Dallas Mixed-Use Development
GID Development reveals more details on its Dallas project; The Alexander Anderson Real Estate Group arranges $9.5 million for a 40-unit asset in Union City, N.J.; and Eastern Union’s $25 million in financings yield interest rates of 3.25 and 3.5 percent.