Business Specialties
Tampa-Area Community Trades for $80M
The buyer, a partnership between Providence Real Estate and a Fortune 500 insurance firm, financed the sale with a $55.2 million Freddie Mac loan. Capital Ocean arranged the joint venture.
NY Student Housing Asset Changes Hands
The community serves students attending Binghamton University and includes units raging from one- to six-bedrooms. Vesper Holdings acquired the asset.
TREP, Round Hill Eye Germany for Student Housing Investments
The two firms teamed up to acquire and renovate 13 student housing assets in nine German cities. Expansion plans include new development.
Hunt Real Estate Capital Arranges $55M for Austin Apartments
The community is part of a $311 million Texas portfolio acquired in April by American Landmark and Electra America.
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.