Business Specialties
Chicago High-Rise Lands $70M Financing
The Fannie Mae loan, provided by Greystone for Maryland-based Foundation Housing, will help keep the 256-unit community affordable for lower-income residents for many years to come.
Equity Residential Makes $165M Boston Sale
ING Group provided LaSalle Investment Management and Jefferson Apartment Group with more than $104 million in acquisition financing for a rental community in the city’s Fenway-Kenmore neighborhood.
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.
Cortland Sells Charlotte Community for $107M
Anson at the Lakes, a Class B multifamily asset with nearly 700 units, last changed hands in early 2015 for $60.2 million.
Harbor Group Relaunches Dallas’ Manor House
Following extensive upgrades, the 25-story property has a new look. Covington Hendrix Anderson Architects was in charge of the extensive interior and exterior makeover.
Affordable Age-Restricted Community Opens in DFW Suburb
Bethlehem Baptist Church broke ground on Pioneer Place a little more than a year ago. The 135-unit property serves senior residents in Mansfield, Texas.
Baltimore Luxury Community Nabs Refi Loan
Hunt Real Estate Capital arranged the Fannie Mae conventional multifamily financing for a partnership of local developer Mark Sapperstein and Kinsley Equities.
Rhapsody Wins Management Contract for Quebec Tower
The Canadian firm will oversee the 198-unit Parc Central Laval, developed by Saroukian Group in the city of Laval, roughly 18 miles from Montreal.
Jacksonville Community Trades for $13M
Berkadia originated nearly $11 million in Freddie Mac acquisition financing for the buyer of the 162-unit partially affordable property in the southeastern part of the city.
Canada Invests $357M in Affordable Housing
The Canada Mortgage and Housing Corp. will build and fund more than 700 new rental housing units for middle-class families in Toronto.