Business Specialties
MZ Capital Acquires TN Luxury Asset
The Northbrook, Ill.-based firm will upgrade and reposition the 130-unit apartment and townhome community in suburban Knoxville to meet the growing demand for luxury rentals.
Carter Multifamily Buys Tallahassee Community for $42M
Polos on Park will be rebranded as 2626 Park, as part of the firm’s strategy to implement a series of renovations and upgrades to the property.
Urban Investment Partners Re-Acquires DC Asset for $22M
The firm purchased the Policy, a 62-unit apartment community in the city’s historic Kalorama neighborhood. UIP previously owned the building from 2008 to 2014.
Centennial Holding Co. Buys Tampa-Area Community
The company has expanded its portfolio with a 125-unit property located in Plant City, Fla. The community changed hands for $18 million.
Luxury Condo Building Tops Out in Fort Lauderdale
The eight-story community on Florida’s Intracoastal Waterway is scheduled for completion this summer. Sobel Co. is the project developer.
Multifamily Groups Press for Shutdown Solution
NMHC, the Council of Large Public Housing Authorities and other organizations lobby for an end to the crisis, citing the impact on areas like rental assistance programs and affordable housing projects.
Seattle Tower Project Secures $185M
Square Mile Capital originated the loan for the 352-unit development on behalf of a joint venture between Laconia Development and Vanke Holdings USA.
Wood Partners Breaks Ground on Houston Property
Located in the Texas Medical Center, Alta Med Main will feature 338 units and access to amenities such as a Sky Lounge, a fitness center, and a dog park.
LIHC Preserves Affordability for Boston Community
More than 170 units at Concord Houses in the South End neighborhood will stay affordable for at least the next 40 years.
Freddie Mac’s Top Multifamily Lenders of 2018
The mortgage giant names the lenders which transacted the most multifamily financing volume with the government-sponsored company last year.