Business Specialties
Waypoint Residential Sells NC Community for $23M
The buyer rebranded the 168-unit student housing asset and assumed a nearly $14 million mortgage taken by the seller in 2017.
Houston Community Receives $11M Refi
Nitya Capital used the loan to retire a prior acquisition financing for the 176-unit Capewood Apartments. Arbor Realty Trust originated the seven-year Fannie Mae loan.
CAPREIT Buys Community for $70M
The firm has added to its Canadian portfolio Willoughby Walk, a 191-unit newly constructed property located in Langley, British Columbia.
$47M Refi Earmarked for Florida Student Housing Asset
NorthMarq facilitated the loan for a 768-bed, 288-unit student housing community located in Daytona Beach.
Wood Partners Breaks Ground on Suburban Dallas Community
The 288-unit Alta 289 in Plano is slated for completion in late fall with preleasing beginning in the summer.
Top Multifamily Completions in Orlando
The metro added more than 7,600 units to its inventory during the 12 months ending in March, with mixed-use communities with retail components leading the way, according to Yardi Matrix.
CO Senior Housing Properties Receive $52M Refi
Walker & Dunlop secured the financing through Fannie Mae on behalf of the owner, a partnership between MorningStar Senior Living and a Middle East-based alternative investment fund manager.
Brooklyn’s Tallest Building Tops Out
Extell Development Co.’s Brooklyn Point stands 720 feet tall. The luxury property will include 458 condos as well as the highest rooftop infinity pool in the Western Hemisphere.
CGI Strategies Buys Orlando-Area Community
Dekel Capital worked on behalf of the buyer to facilitate a $47.5 million bridge loan for the acquisition, renovation and stabilization of the vacant, 306-unit Astoria at Celebration, located in Celebration.
Western National, Banner Oak Capital Launch Multifamily JV
The new partners plan to invest in multifamily projects throughout California’s major markets through acquisition and ground-up development projects.