Business Specialties
GSEs Sticking to Their Mission in Flat 2019
Fannie Mae and Freddie Mac are the leading source of multifamily mortgage originations. How do they foresee the market for 2019 and 2020?
Berkadia Facilitates $21M Fort Myers Transaction
ESG Kullen’s purchase of 186 units in a fractured sale secures the new owner’s control over the southern Florida condominium association.
Miami Worldcenter’s 1st Tower Comes on Line
Nitin Motwani, managing principal at Miami Worldcenter Associates, speaks in depth about the milestone for the $4 billion project—one of the largest of its kind in the U.S.—located near the Brightline at MiamiCentral.
FCP Expands Atlanta-Area Portfolio With $30M Buy
Hercules Real Estate Services sold the 210-unit Chroma Park in Austell, Ga. The new owner plans to invest in capital improvements on buildings, amenities and interiors.
Dallas Community Changes Hands
NorthMarq Capital provided the buyer, MORE Residential, with more than $43 million in Freddie Mac acquisition financing for the 2013-built asset.
Greystone Provides $133M Loan for NYC Asset
The Fannie Mae loan will refinance a mixed-income property encompassing 571 units on the Staten Island North Shore waterfront.
Invesco Pays $150M for Boston Mixed-Use High-Rise
The Harlo Fenway features 212 apartments and access to amenities such as an 18th-floor sky deck, yoga terrace and dog spa, as well as ground-floor retail.
NM Community Receives $25M Refi
NorthMarq arranged the financing through its in-house Fannie Mae platform for the 370-unit apartment community, located just a few miles from the Texas border.
Peak Campus Expands Southern Management Portfolio
The company will manage Station 42, a student housing community serving students at the University of South Florida. The property features 528 beds.
KC Development Receives $52M in Financing
West Bottom Flats will encompass 265 units and 5,500 square feet of commercial space. Completion of the $66 million redevelopment is targeted for 2020.