Business Specialties
MassHousing Provides $14M Renovation Loan for Boston Community
Boston Housing Authority selected Beacon Communities to oversee the rehabilitation and preservation of Camden Apartments, a 72-unit affordable property.
Newly Completed Houston Community Gets $14M Refi
Guefen Development, which opened the 150-unit Class B asset in December 2018, used the new mortgage to retire an $11.3 million construction loan.
Cortland Adds 319-Unit Community to Atlanta Portfolio
The company increased its multifamily footprint in the city to more than 11,000 apartments with the acquisition of Domain at Phipps, a Class A rental property in the Buckhead neighborhood.
Hines to Develop Houston High-Rise
The developer is teaming up with two investment partners to build The Preston, a 46-story luxury community. Once completed in late 2022, it will be the tallest residential tower in downtown Houston.
Fannie Mae Boosts Small Loan Limit for Multifamily Market
By upping small loan limits nationwide, the GSE aims to expand market liquidity and the nation’s affordable housing supply.
Kairoi Residential Completes 277-Unit Community in Denver
Located in the River North neighborhood, Edison at Rino was the first structure in the city to be built with prefabrication techniques developed by Prescient.
NorCal Apartments Change Hands
Burbank Housing Development purchased the 56-unit Class C community for $15 million. Two lenders facilitated the transaction with acquisition and development financing.
Hamilton Point Investments Sells OH Asset
The Enclave at Albany Park in Westerville commanded nearly $15 million. The new owner assumed the outstanding balance of a Fannie Mae loan attached to the property.
Fully Affordable Community Changes Hands in Brooklyn
The 107-unit asset is located at 1701 W. 3rd Street, in the borough’s Gravesend submarket. Morris Weintraub Associates sold the property to Parkoff Organization for $28 million.
Howard University Expands Partnership with Corvias
The public-private partnership has already completed the $71M renovation of two residence halls housing more than 2,000 students and staff in Washington, D.C.