Business Specialties
World’s Tallest Residential Building Tops Out
Located on Billionaire’s Row, Extell Development’s Central Park Tower rises 1,550 feet above New York City.
FCP Buys Atlanta Community for $23M
The company has acquired the 180-unit Ashford at Spring Lake, boosting its portfolio in the metro area to more than 1,900 units.
Berkadia Secures $84M in Financing
The two communities total more than 500 units in Mobile, Ala., and Kissimmee, Fla., near Walt Disney World Resort.
Westside Capital’s Tampa Expansion Continues
The company’s $29.5 million acquisition of a 337-unit garden-style community marks its second investment in the metro’s Wellswood submarket.
Cortland Buys, Rebrands Atlanta Community
Located in the Atlanta area, the 256-unit Cortland Peachtree Corners was formerly known as Echo Lakeside.
Fore Property Sells Phoenix-Area Asset for $79M
The buyer financed the acquisition with a $62.2 million loan from TPG Capital. The 344-unit Summerly at Zanjero is LEED Silver certified.
FHFA Sets $200B Cap on GSE Multifamily Business
The policy change limits loan purchases by Fannie and Freddie to $100 billion apiece and shifts more resources to affordable housing.
Silverstone Senior Living Makes its Mark in Maryland
Construction has begun on The Seneca of Rockville, a $76 million community in Rockville, Md., one of the company’s three new developments in the Washington, D.C., market.
Miami Co-Living Tower Lands $162M Loan
PMG and Greybrook Realty Partners are developing 400 Biscayne, a 646-unit residential high-rise in the downtown area.
Partially Affordable Community Opens Doors in Chicago
The Concord at Sheridan includes 111 mixed-income units and is the result of a public-private partnership.