Business Specialties
Transactions: April 2019
A selection of noteworthy recent multifamily investment sales and financings from across the U.S.
Salt Lake City Loft Project Breaks Ground
The 195-unit property will include an automated parking structure and will be the first project in Utah to take advantage of the federal Opportunity Zone program.
Angelo Gordon, Glencrest Team on $51M Bay Area Deal
The joint venture bought the 180-unit property in Santa Rosa, Calif., with acquisition financing secured by HFF.
ReNew Investors Lands $159M to Acquire 8 Senior Housing Communities
KeyBank Real Estate Capital’s Healthcare Lending platform provided the firm with the acquisition financing, which will be used to acquire properties in Michigan, Pennsylvania and Virginia.
Falcon Pacific Builders Tops Out Queens Project
Developed by the Saab Family LP, the 50-unit mixed-use building in the Astoria neighborhood is on track to be completed by November.
JCM Sells Central Valley Apartments for $22M
Berkadia provided the buyer of the 124-unit multifamily asset with more than $16 million in acquisition financing through Fannie Mae.
The Science of Multifamily Marketing
Finding the right strategy calls for a nuanced understanding of consumers’ online wants, needs and behavior, and figuring out the best balance for your brand.
Multifamily’s Wellness Transformation
Nowadays, prospective residents are better educated on the benefits of health and wellness and are looking to live in communities that offer more than the traditional definitions.
Making Affordable Housing Make Sense
Securing financing in order to increase—as well as maintain—the supply of rent-sensitive units is challenging. Developers and lenders are launching new initiatives and revisiting existing ones to tackle a problem demanding many solutions.
Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.