Business Specialties
CO Senior Housing Properties Receive $52M Refi
Walker & Dunlop secured the financing through Fannie Mae on behalf of the owner, a partnership between MorningStar Senior Living and a Middle East-based alternative investment fund manager.
Brooklyn’s Tallest Building Tops Out
Extell Development Co.’s Brooklyn Point stands 720 feet tall. The luxury property will include 458 condos as well as the highest rooftop infinity pool in the Western Hemisphere.
CGI Strategies Buys Orlando-Area Community
Dekel Capital worked on behalf of the buyer to facilitate a $47.5 million bridge loan for the acquisition, renovation and stabilization of the vacant, 306-unit Astoria at Celebration, located in Celebration.
Western National, Banner Oak Capital Launch Multifamily JV
The new partners plan to invest in multifamily projects throughout California’s major markets through acquisition and ground-up development projects.
American Landmark Buys $311M Texas Portfolio
The company added six properties located in the Austin, Dallas, Houston and San Antonio metro areas to its rapidly growing platform, which gained more than 10,000 units last year.
Liquid Capital, Wilson Investment Add 646 Units to Atlanta Portfolio
The partners picked up the 74-building luxury community in Doraville for $63.5 million, boosting their multifamily portfolio in the booming metropolitan market.
CS Acquisition Group Sells 272-Unit IN Community
The Lakewood, N.J.,-based company sold a 16-building multifamily asset in Beech Grove to a private investor. The property was 95 percent occupied at the time of sale.
Detroit Adds 54 Units for Low-Income Seniors
The development is part of Bedrock’s agreement with the City of Detroit to build and preserve 700 affordable housing units over the next several years.
Avanath Pays $35M for Affordable Asset in Texas’ Capital
At the time of sale, the 280-unit property was 96.4 percent occupied, with historical occupancy averaging 98 percent over the last three years.
IPA Brokers $30M Phoenix-Area Transaction
Senior Managing Directors Cliff David and Steve Gebing worked on behalf of both parties involved in the sale of a 265-unit community in Mesa.