TODAY’S DEALS: MEPT Buys Denver Asset for $90.8M
Multi-Employer Property Trust completes a Denver buy; Centerline Capital Group provides a $17.6 million loan to a community in Rochester, N.Y.; and HFF arranges $32.08 million in acquisition financing via Freddie Mac.
TODAY’S DEALS: Zeckendorf Breaks Ground on $500M Condo
Zeckendorf and Global Holdings Inc. break ground on a luxury condo in Manhattan; Holliday Fenoglio Fowler arranges $9 million for an Austin student housing asset; and CBRE arranges $128,178-per-unit sale of renovated property.
MHN Radio Special: Post-Election Podcast
What does the Obama win mean for multifamily, and the entirety of commercial real estate, moving forward?
TODAY’S DEALS: Decron Snaps up a California Asset
Decron completes a $70 million buy; HFF secures $54 million in bank and mortgage REIT financing for an apartment asset acquisition; and Berkeley Point Capital provides $29.6 million for a KBS Legacy Partners REIT’s acquisition.
Today’s Deals: McCann Enters Nashville with 336-Unit Buy
McCann buys a 2009-built asset in Nashville, Tenn.; Beech Street closes $15.2 million for an acquisition; and Walker & Dunlop supplies a $3 million HUD-insured refinance loan.
TODAY’S DEALS: Federal Capital Partners Completes D.C. Sale
Federal Capital Partners sells an asset in Washington, D.C.; Wood Partners breaks ground in Colorado; and HFF closes on a $10.9 million value-add transaction.
Bring the Dry Cleaners Inside with DashLocker
You might want to consider incorporating DashLocker, a 24/7 drop off/pick up locker-based dry cleaning and laundry service, in your next mid- or high-rise asset. The service provides ancillary income and your residents will certainly say ‘thanks.’
TODAY’S DEALS: JV Lands Financing for Houston High-Rise
PM Realty and the INDURE Fund land construction financing; Cardinal Group Investments buys a Portland asset; and NorthMarq arranges a $13.9 million Freddie Mac loan.
TODAY’S DEALS: Koontz McCombs Sells an Austin Asset
A 344-unit asset trades in Austin; Archstone buys a community in Los Angeles for $56 million; and Chozick Realty brokers student apartments for $16.1 million.
TODAY’S DEALS: JTL Real Estate Partners Buys 1,397-Unit Portfolio
JTL Real Estate Partners buys a four-state portfolio; Behringer Harvard completes the sale of a 560-unit community in Florida; and ARA closes a 224-unit sale in Houston.