Business Specialties
Arel Capital Buys 504-Unit Houston Community
Allied Orion Group is overseeing property management for the multifamily asset. The new owner plans to begin renovations this year.
Lev Investments Acquires San Antonio Asset
The sale of the 62-unit Liberty Ridge benefited from a $2.7 million Fannie Mae loan. The community is located just off Interstate 410.
$100M Deal to Preserve Affordability in South Bronx
A joint venture led by NCV Capital partners secured debt and equity to fund and rehab a 13-building, 515-unit affordable housing portfolio.
Scottsdale Property Receives $24M Refi
HFF secured the loan on behalf of the borrower, The Sunset Group, for the 134-unit community located roughly 12 miles from downtown Phoenix.
Middleburg Launches $75M Workforce Housing Fund
The company’s strategy is to purchase and rehabilitate distressed communities in the Southeast and Mid-Atlantic regions, starting with the previously acquired Vesta Derby Oaks located in Louisville, Ky.
Inland Empire Community Sells for $42M
Berkadia has arranged the sale of the 194-unit property located in Ontario, Calif., approximately 26 miles from downtown San Bernardino.
Fogelman JV Acquires Atlanta Apartments for $45M
The 334-unit garden-style community last changed hands in August 2016, when Mesa Capital Partners sold the asset for more than $29 million.
NC Garden-Style Project Receives $21M Loan
Trez Forman provided the funds for St. Marks, a 183-unit community to be built in Burlington. Diamondback Investment Group is the developer of the project.
$30M Senior Living Project Breaks Ground in Suburban Chicago
Scheduled for completion in mid-2020, the three-story assisted living and memory care community will bring 86 residential suites to Highland Park, Ill.
Freddie Mac Research Projects Strong 2019 Market
The company’s outlook for 2019 reveals that solid market fundamentals, including rent increases, are among the factors driving growth in the multifamily sector this year.