Business Specialties
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.
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
Transactions: May 2019
A selection of noteworthy deals announced between March 29 and April 19.
In Search of Affordability Solutions
As the challenges intensify, our industry needs to spotlight what’s working and provide alternatives to what’s not, NMHC’s president contends.
Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.