Business Specialties
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.
JV Buys $365M Community in LA
The 350-unit property in the Westwood neighborhood also features 50,000 square feet of retail space. The acquisition was financed by a $160 million loan.
Wood Partners Breaks Ground on 304-Unit Houston Project
The developer expects to wrap up work on Alta West Alabama in the third quarter of 2020. This community adds to the company’s existing portfolio of 16 properties managed in Texas.
Smart Tech is the Smart Choice for Multifamily
Industry experts from Pinnacle Property Management Services, BH Management Services and Yardi Systems discuss how the Internet of Things is changing the industry.
Woda Delivers OH Adaptive-Reuse Project
The project at 43 Town Square in Lima emerged from the former First National Bank & Trust Building and provides 47 apartments for mixed-income families.
Bellwether Enterprise Arranges $10M for Affordable Virginia Asset
The company’s Senior Vice President of the Alabama office, Jon Killough, arranged the financing on behalf of LEDIC Realty, for Willow View Townhomes in Staunton.
Changes to HUD’s REAC Scoring System
At the National Apartment Association’s Apartmentalize conference in Denver, panelists discussed key federal legislative regulatory issues impacting affordable housing.
SC Luxury Retirement Community Sells for $35M
Senior Living Communities acquired the 248-unit, entrance-fee continuing care retirement property located near Sesquicentennial State Park. Cushman & Wakefield assisted the seller in the disposition.
Leveraging Resident Feedback to Enhance NOI
Can net operating income be significantly improved with good customer service? Property managers and owners explored that compelling topic last week at the National Apartment Association’s Apartmentalize conference in Denver.
JV Acquires Tampa Multifamily Portfolio for $64M
TruAmerica and RSE Capital Partners purchased a 262-unit community in Palm Harbor and a 192-unit asset in Pinellas Park. Newmark Knight Frank marketed the properties on behalf of the seller.