Business Specialties
JV Breaks Ground on 2 DC Communities
Developers Urban Atlantic, Hines and Triden Development Group will deliver 390 market-rate and affordable housing units through The Vale and The Brooks, located within The Parks at Walter Reed.
Canyon Partners, Santander Bank Launch Multifamily Impact Fund
Canyon Multifamily Impact Fund IV plans to spend approximately $100 million on affordable housing properties in the Northeast.
Hamilton Zanze Acquires MO Community
Located in Independence, Cornerstone offers 420 units and will undergo a capital improvement plan that will enhance its business center and clubhouse, as well as adding new amenities.
AL Student Community Changes Hands
A joint venture between Alex. Brown Realty and Student Quarters paid nearly $9 million for the 60-unit property near the University of Alabama at Birmingham.
Hana Invests in Cottonwood’s Boston Mega-Project
The South Korean alternative asset manager closed its debut investment in EchelonSeaport, a $950 million luxury, mixed-use project under construction in the Seaport District.
GSA Group, Harrison Street to Invest $846M in Spain Student Housing
The partners plan to acquire more than 10,000 beds in Madrid, Barcelona and other major university cities across the country.
Converted CT Community Trades for $28M
Navarino Capital Management purchased the community, a 19th-century mill remodeled in 1988. The property last changed hands in mid-2012 for nearly $17 million.
Steadfast Cos. Sells 400-unit DFW Community
Greystone originated a $36.6 million Fannie Mae acquisition loan for the new owner, Texas-based CONTI Organization, which plans to rebrand the property as Bella Vista Apartments.
Peak Campus Expands Florida Management Portfolio
The company will manage University Pointe, a student housing community serving students at neighboring universities in Miami. The property is slated for delivery in time for the fall 2019 semester.
Top 10 Multifamily Completions in the Pacific Northwest
Demand for new residential units in the Pacific Northwest was very strong during the last 12 months, bolstering development especially in the high-end segment.