Business Specialties
Carter Multifamily Acquires GA Community
The new owner will renovate and reposition the 159-unit garden-style property located south of downtown Savannah. The community was more than 90 percent occupied at the time of sale.
The Outdoor Amenities Residents Love
Residents speak out on what they enjoy most in their communities and what they’d like to see added in the future.
The Biggest Bottleneck to Multifamily Supply: NIMBY-ism
A survey by the National Apartment Association found that local community resistance is seen as the top obstacle to new apartment construction. Big coastal cities are among the toughest places to build.
Charlotte Affordable Housing Property Underway
Developed by the NRP Group, Platform Lofts is one of the first affordable housing communities located on a new extension of the city’s light-rail system.
Berkadia Closes 2 Deals Totaling $100M
The brokerage originated a $31.7 million construction loan through HUD for a 232-unit community in Florida and sold a 414-residence townhome property for $68.9 million in Virginia.
First Communities Buys Birmingham Apartments for $38M
Grandbridge Real Estate Capital provided more than $26 million in financing through Freddie Mac for the acquisition of the 431-unit community.
Affordable Houston Community Reopens Following Rehab
Dominium completed a $7 million interior and exterior overhaul at Quail Chase, a 248-unit development in the northern part of the metro.
2 Phoenix-Area Developments Secure $54M Financing
PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz.
JV Lands $54M Refi for Connecticut Portfolio
CBRE’s Debt & Structured Finance group arranged the financing, which was provided by Thorofare Capital, to retire the original senior construction loan for Berkeley at Waypointe and Quincy Lofts, located in Norwalk.
New England Portfolio Secures $164M Refi
The 14 communities adding up to 1,620 units are spread across Greater Boston and suburban New Hampshire. PGIM Real Estate Finance originated the Fannie Mae loan.