Business Specialties
Converted CT Community Trades for $28M
Navarino Capital Management purchased the community, a 19th-century mill remodeled in 1988. The property last changed hands in mid-2012 for nearly $17 million.
Steadfast Cos. Sells 400-unit DFW Community
Greystone originated a $36.6 million Fannie Mae acquisition loan for the new owner, Texas-based CONTI Organization, which plans to rebrand the property as Bella Vista Apartments.
Peak Campus Expands Florida Management Portfolio
The company will manage University Pointe, a student housing community serving students at neighboring universities in Miami. The property is slated for delivery in time for the fall 2019 semester.
Top 10 Multifamily Completions in the Pacific Northwest
Demand for new residential units in the Pacific Northwest was very strong during the last 12 months, bolstering development especially in the high-end segment.
Luxury NJ Senior Housing Opens Doors
The 73,000-square-foot 85-unit facility is the first assisted living and memory care property built in the borough since 2000, under the management of Chelsea Senior Living.
Low-Income Senior Housing Community Changes Hands in CA
Lee & Associates facilitated the $8.7 million sale. The previous owner recently upgraded Aurora Village—located in an Opportunity Zone—with solar electric and water heating systems.
NYC Mixed-Use Project Advances with 2 Residential Towers
TF Cornerstone is developing the second phase of Hunters Point South, a master-planned community in Queens’ Long Island City neighborhood. The new high-rises will add 1,194 residential units to the site along the East River.
Student Housing Portfolio Near Purdue Trades for $34M
The 528-bed portfolio located in West Lafayette, Ind., was acquired in a joint venture between Muinzer and South Street Capital.
Round Hill Capital Invests in Florida Workforce Housing
European fund manager Round Hill Capital is raising its profile in the U.S. by teaming up with Affiliated Development for a series of workforce housing investments, starting with a 142-unit project in Fort Lauderdale.
Upscale Mixed-Use Community Opens in LA
Developed by the Korda Group, the 138-unit luxury apartment building was designed to blend into the surrounding neighborhood’s Art Deco style.