Business Specialties
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.
Bucci Development Sells South Carolina Apartments
Cushman & Wakefield represented the seller in its disposition of The Village at Lake Wylie, a 392-unit property in Charlotte’s submarket of Lake Wylie, S.C.
Boston-Area Community Scores $49M in Affordable Financing
Developer WinnCompanies acquired the 284-unit property, a converted industrial leather tanning complex in Peabody. The deal ensures the apartments will remain accessible to low-income families.
Tucson Community Changes Hands
Next Wave Investors sold Orange Tree Village Apartment Homes for nearly $16 million, after implementing a capital improvement plan at the property.
Orange County Property Commands $98M
A private investor scooped up the 264-unit, Class A asset in Santa Ana, Calif. Built in 2016 by Lyon Living and Integral Communities, the multifamily property includes 10 affordable units.
Baltimore Warehouse to Become Apartments
The Mid-Atlantic Multifamily Group of Transwestern Commercial Services has been named the exclusive advisor for the adaptive-reuse project which could see more than 140 units created in the historic brick building.
Community on Atlanta BeltLine Trades for $66M
Ghitis Property Co. acquired Ayla on Krog from PGIM Real Estate. The recently completed, 222-unit apartment property is located in the Inman Park neighborhood, fronting the city’s popular public trail.