Business Specialties
Executive Q&A: Takeouts, Investment Sales to Fuel Mortgage Market
While apartment fundamentals are strong, there are likely to be fewer refinancings in 2019 because many borrowers refinanced last year, according to PGIM Real Estate Finance’s Mike McRoberts.
Nuveen Real Estate Sells 336-Unit Raleigh Asset
The 14-building community changed hands for $46.1 million. The buyer used a $27.7 million loan originated by Prudential Financial to finance the acquisition.
The Answer to the Bay Area’s Affordable Housing Crisis
Enterprise Community Partners’ Rich Gross and Kaiser Permanente’s Bechara Choucair talk about their joint projects. The two companies launched a $100 million loan fund to create and preserve multifamily rentals.
$26M Financing Earmarked for Houston Portfolio
Capital One provided the Fannie Mae loans to Solid Goods Corp. to refinance the Villas at Cypresswood and the Lakewood Apartments.
Waypoint Residential Expands Development Pipeline
The company has six multifamily properties totaling more than $325 million in development or leasing stages—including two new brands—in the Northeast and West.
SoCal Asset Sells for $20M
The 98-unit Villa Capri in Escondido benefited from an acquisition loan originated by Aetna Life Insurance Co. IPA represented the seller and procured the buyer.
Texas Upscale Community Receives $28M Refi
The 249-unit luxury property in College Station was built in 2016 and is owned by a joint venture between Midway and Harrison Street.
Mixed-Income Development Lands $61M Financing
Mission Trail at El Camino Real in San Marcos is scheduled to break ground in the next few months, with preleasing anticipated to begin this fall.
Interforum Holdings Debuts Chicago-Area Luxury Community
Lakeside Village of Oakbrook, which broke ground back in 2016, offers residents access to amenities including a swimming pool, dog park and rooftop deck.
Suburban NY Community Receives $29 Refi
The KeyBank Real Estate Capital loan will pay off existing debt on Lewiston at Pheasant Run, a 179-unit community in Clinton.