Business Specialties
Houston Community Receives $26M Loan
Park Texas Apartments’ 587 units spread across 51 two-story buildings. The garden-style community is undergoing extensive capital improvements, following damage caused by Hurricane Ike.
TGM Acquires Fort Lauderdale Community
Renamed TGM Harbor Beach, the community offers access to amenities such as a bark park and game room. This purchase is the firm’s eighth investment in Florida.
Fannie Mae Report Predicts Economic Slowdown
The GSE estimates 2.2 percent GDP growth in 2019—a 90 basis-point year-over-year decline largely attributed to the fading impact of the 2017 tax cuts—as well as decelerating business investment and consumer spending.
When Affordable Housing Clicks with Technology
Massachusetts Housing Partnership’s Susan Connelly, MPZ Development’s Mathieu Zahler and coUrbanize’s Karin Brandt discuss the ways online outreach tools can spur civic engagement and address community issues.
Inland Private Capital Brokers Sale of 2 Denver Properties
Emerson Lofts and Ascent Uptown are within 1.5 miles of each other and traded for $21.9 million, generating a total return on investment of roughly 130 percent.
Morgan Properties Acquires 4,130-Unit Portfolio
Metro Philadelphia’s largest-ever multifamily deal, the acquisition makes Morgan the largest owner-operator in the market.
JV Breaks Ground on Amenity Center at Miami Community
Lennar and CC Homes are developing The Residences of Downtown Doral, a collection of single-family homes, townhomes and condos totaling 1,321 residences.
McKinley Properties Sells 5 FL Assets
The portfolio encompassed 639 units across Gainesville, North Redington Beach, Pasadena and Daytona Beach. Berkadia worked on behalf of the seller and originated loans for the new owners.
Partially Affordable Community Changes Hands in Chicago
Renaissance North is in the city’s Old Town neighborhood and sold for $15.5 million. The building includes 59 units, with 18 set aside for low-income residents.
South FL Mixed-Use Asset Gets $20M Refi
Marcus & Millichap has secured a 10-year interest-only loan for a 144-unit luxury mixed-use property in the Fort Lauderdale market.