Business Specialties
San Diego Community Gets $145M in Financing
Sunroad Enterprises secured the loan for Centrum Apartments Phase 6, a 442-unit residential building and the final phase in the Sunroad Centrum master plan.
Affordable Community Breaks Ground in Albuquerque
Nuevo Atrisco’s multifamily component of 88 units is scheduled for completion in the first half of 2020. The development also features 30,000 square feet of commercial space and a community center.
Albuquerque Housing Project Advances with Phase 2
The Highlands is a 12-acre master-planned development featuring eight components, including two residential communities, a Marriott SpringHill Suites Hotel and more than 40,000 square feet of retail and dining.
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.
Birmingham Community Changes Hands
An out-of-state investor purchased the 74-unit Class C garden-style multifamily asset—its first acquisition in the metro—for nearly $3 million.
Beachwold Secures $38M in Loans for Georgia, Orlando Deals
The multifamily investor acquired a 76-unit community in suburban Savannah and refinanced existing debt on a 400-unit property in Orlando. Both assets are located near major universities.
OH Community Sells for $15M
Link Real Estate Group acquired the 432-unit property in Franklin County that last traded in 2010. Income Property Organization brokered the deal.
Greystar Expands in NYC with $240M Buy
The company acquired a 266-unit community situated near retailers, restaurants, entertainment venues, job hubs and public transit nodes in Manhattan’s NoMad neighborhood.
NXT Capital Provides $61M Refi for Dallas Property
The 400-unit community is located in the city’s Design District and is just one of several financing transactions secured by the Chicago-based firm in the busy Dallas-Fort Worth multifamily market in recent months.
Life Insurance Companies Expand Multifamily Debt Offerings
The stability of apartment assets prompts these institutional investors to develop new strategies as they travel cautiously up the yield curve.