TODAY’S DEALS: Steadfast Buys Austin Asset for $22M
Steadfast Income REIT buys its second Austin asset; Beech Street Capital closes $5.8 million for a pair of Dallas communities; and Vitus Group begins an affordable redevelopment in California.
TODAY’S DEALS: American Campus Communities to Buy 19 Assets
American Campus Communities announces big acquisition plans; Essex Property Trust buys a community in San Jose, Calif.; and Walker & Dunlop provides $70.2 million for a historical portfolio in Pennsylvania.
TODAY’S DEALS: EdR Completes $20.9M Acquisition in Michigan
EdR picks up an asset in Michigan; Capital Senior Living buys eight communities for $72.9 million; and NorthMarq employs a Freddie Mac early-rate lock for $20.6 million refinance.
TODAY’S DEALS: TIAA-CREF Lands $92.6M Acquisition Financing for Luxury Asset
HFF arranges $92.6 million for an acquisition; Excel Trust picks up an apartment asset in a $263 million retail-focused buy; and NorthMarq Capital arranges $14.14 million in combined mortgages for two properties in Omaha, Neb.
Prevent Mold Problems Before They Start with Flood Buzz
Mold. The stuff that nightmares are made of—at least for building owners and property managers. Sleep easier knowing that Flood Buzz Pro is there to alert you when the water hits the floor.
TODAY’S DEALS: Jones Lang LaSalle Obtains $103M for Prime Properties
Jones Lang LaSalle secures $103 million in senior financing for two multifamily properties on behalf of Fairfield Residential; EdR and University of Kentucky enter Phase II on a student housing replacement initiative; and Colliers completes two REO sales totaling over $20 million in Los Angeles.
MHN TV: Luxury Extended Stay
Larry Korman, president of AKA, takes MHN on a tour of two luxury extended stay properties in New York—AKA Sutton Place and AKA United Nations. The AKA brand bridges the gap between luxury hotel and a luxury apartment offerings, and features some truly amazing amenities suited for those staying for a few weeks to a few months.
TODAY’S DEALS: Berkeley Point Capital Lands $40M for Houston Buy
Berkeley Point Capital sources $40 million for a Houston purchase; IPA brokers the sale of two assets in Reno for $35 million; and HFF secures $91 million in construction/permanent financing for Cathedral Commons.
TODAY’S DEALS: Distressed Miami Property to See New Life with $20M Redevelopment
A $20 million affordable redevelopment breaks ground in Miami; Bridge Partners buys a 352-unit asset; and Mesa West Capital provides $21 million in acquisition financing.
TODAY’S DEALS: HCP to Buy 133 Senior Communities for $1.73B
HCP to buy $1.73 billion in seniors housing; PRG buys a 216-unit asset in Durham; and Boston Capital invests in two affordable seniors rehabilitation projects.