Business Specialties
Bell Partners Snags Virginia Apartments
The purchase of the 217-unit Twenty400 brings the firm’s portfolio of owned and managed assets in the Washington, D.C., metro to 22 communities and more than 6,800 homes.
Boston-Area Community Commands $227M
An affiliate of the DSF Group has acquired the 1,020-unit multifamily property, located in Framingham, from LivCor. The rental community is spread across 27 acres.
Atlanta Rental Asset Commands $40M
FCP has acquired a 310-unit garden-style community in the Embry Hills submarket, bringing the firm’s portfolio in the metro to 1,750 units.
Interwest Acquires Vegas Property for $21M
Interwest Capital Group financed the acquisition of the 100-unit Class A asset with a $12.6 million Freddie Mac loan, and RSE Capital Partners provided preferred equity.
JV Breaks Ground on Sacramento Affordable Community
The two buildings totaling 65 units will serve veterans, low-income families and individuals with special needs in Roseville. The project is slated for completion in Fall 2020.
5 Questions for Greystone’s Head of FHA Lending
Nikhil Kanodia, a former Deutsche Bank vice president, explains why it’s a great time to borrow right now and how the multifamily sector is expected to perform in this prolonged cycle.
LMC Closes $1.3B Multifamily Fund
The subsidiary of Lennar Corp. announced the final closing of the equity fund, which targets investments in Class A communities across the country.
Seattle Property Lands $52M in Financing
CBRE originated the 10-year mortgage through Freddie Mac, less than a month after a joint venture purchased the 344-unit multifamily asset for $83.2 million.
Phoenix Community Sells for $20M
Sterling Real Estate Partners more than doubled its footprint with the purchase of the 301-unit property. The Bancorp Bank provided acquisition financing.
TruAmerica Buys $152M Las Vegas Property in Record Deal
The acquisition of Allanza at the Lakes represents the highest price paid for a single multifamily asset in Nevada history.