Business Specialties
Public-Private Partnership Kicks Off Durham Project
DHIC, Self-Help and local authorities broke ground on Willard Street Apartments, downtown’s first newly constructed, fully affordable community for households earning 60 percent or less of the area’s median income.
FL Luxury Conversion Sells for $35M
Waypoint Residential traded the 288-unit multifamily asset in Tallahassee after converting it from student housing. Newmark Knight Frank represented the seller and procured acquisition financing for the buyer.
BRT Sells Houston Portfolio for $33M
The REIT had owned the 240-unit Stonecrossing and the 144-unit Stonecrossing East since 2013 and repositioned them through a value-add improvement program.
LA Luxury Development Receives $24M Loan
PacTen Partners secured the loan for the construction of a 140-unit transit-oriented condominium project located in the heart of the city.
Allied Orion Chosen to Manage 800 Texas Units
The company will oversee two Class A communities owned by GenCap Partners Inc. in Austin and Leander, boosting its portfolio of more than 23,000 apartment units nationwide.
Optima Kierland: An Oasis in Arizona’s Desert
Optima President David Hovey Jr. presents the pilot project of Phoenix’s newly adopted International Green Construction Code. The four-tower development is underway in Scottsdale.
New Nashville Community Gets $48M Refi
The new loan encumbers a recently completed 230-unit Class A multifamily asset in the city’s Music Row neighborhood, replacing a nearly $40 million construction loan from U.S. Bank.
Exact Capital Rehabs 19 Buildings in the Bronx
The firm has teamed up with Bronx Shepherd Restoration Corp. to renovate and preserve 333 affordable apartments and four retail spaces across the New York City borough.
Manhattan Affordable Project Lands $223M in Financing
L+M Development Partners, Jonathan Rose Cos. and Acacia Network are developing Sendero Verde, a 100 percent affordable Passive House community in East Harlem.
San Francisco Condo Project Lands $77M Construction Loan
The 109-unit development at 1554 Market St. is scheduled for completion in 2021 and will have two 12-story buildings that will also feature 5,010 square feet of retail space.