Business Specialties
Pensam Makes Preferred Equity Investment in Newark
The 401-unit Forest Hill Towers was purchased for $73 million.
Forest Properties Sells Sarasota Community for $42M
The buyer is planning to undertake a thorough renovation of apartment interiors at the 267-unit property.
Could 2020 Bring a Buyer’s Market?
A new survey from Capital One found 74 percent of industry executives are looking to invest in properties next year while only 19 percent said they expect to be sellers.
Jersey City’s Tallest Tower Tops Out
The 704-unit, mixed-use property is part of KRE Group’s Journal Squared development in New Jersey.
RISE Properties Trust JV Acquires Seattle Apartments
Mesa West Capital provided $52 million in first mortgage debt for the acquisition and repositioning of Joseph Arnold Lofts.
Griffin Capital Buys 238-Unit Houston-Area Community
The suburban property last traded in 2013 as part of a 24-asset multifamily portfolio.
Miami Luxury Skyscraper Tops Off
Two Roads Development has laid the last beam on Elysee, a 57-story condo building in the Edgewater neighborhood.
Portland Multifamily Portfolio Trades for $26M
Trion Properties landed $19.1 million in acquisition financing for the 162-unit, suburban value-add portfolio.
Denver Micro-Unit Community Sells for $23M
Castle Lanterra Properties acquired the multifamily asset within a year of the project’s completion.
MHN Poll: Investor Prediction
MHN has a new poll! We want to know what type of real estate investor you predict your company will be in 2020.