Business Specialties
Hunt Real Estate Secures Financing for 368-Bed MI Asset
The community consists of two phases, one built in 2017 and the second slated to be completed by August 2019. Campus Creek Cottages is 100 percent occupied.
LMC Tops Out NJ Mixed-Use Development
The Lively—the company’s first development in the Northeast—features 180 luxury units, as well as a large-scale theater and supporting spaces dedicated to the arts.
JPI Begins Work on 282-Unit Dallas Community
Jefferson Texas Plaza is the developer’s 10th community in the Irving-Las Colinas submarket. The property will be close to the University of Dallas and the Toyota Music Factory complex.
Wells Fargo Refinances Manhattan Luxury Properties
The Gotham Organization received the permanent mortgage loans, totaling $184 million, for two upscale apartment buildings in Midtown West and Midtown South.
Long Beach Property Sells for $72M
Berkadia arranged the disposition of The Landing at Long Beach on behalf of the seller. The new owners plan to invest $28,000 per unit for upgrades.
Executive Q&A: Takeouts, Investment Sales to Fuel Mortgage Market
While apartment fundamentals are strong, there are likely to be fewer refinancings in 2019 because many borrowers refinanced last year, according to PGIM Real Estate Finance’s Mike McRoberts.
Nuveen Real Estate Sells 336-Unit Raleigh Asset
The 14-building community changed hands for $46.1 million. The buyer used a $27.7 million loan originated by Prudential Financial to finance the acquisition.
The Answer to the Bay Area’s Affordable Housing Crisis
Enterprise Community Partners’ Rich Gross and Kaiser Permanente’s Bechara Choucair talk about their joint projects. The two companies launched a $100 million loan fund to create and preserve multifamily rentals.
$26M Financing Earmarked for Houston Portfolio
Capital One provided the Fannie Mae loans to Solid Goods Corp. to refinance the Villas at Cypresswood and the Lakewood Apartments.
Waypoint Residential Expands Development Pipeline
The company has six multifamily properties totaling more than $325 million in development or leasing stages—including two new brands—in the Northeast and West.