Business Specialties
TX Community Changes Hands
The 144-unit property was purchased by Transcontinental Realty Investors after the U.S. Housing of Urban Development granted approval for the expansion of Southern Properties Capital’s multifamily portfolio this summer.
MD Community to Receive $51M Financing
The non-recourse, fixed-rate first mortgage provides for the acquisition of Woodvale Apartments, a 376-unit mid-rise community located just north of Washington, D.C.
TCI Breaks Ground on TX Development
Situated within the 1,200-acre Mercer Crossing project in Farmers Branch, the 256-unit property is scheduled for completion by first quarter 2020.
Emma Capital Expands in Indianapolis
The Hunt Club Apartments and Brandywine Apartments, totaling 496 units, bring the Toronto-based investor’s multifamily holdings in the U.S. to some 9,000 units.
SVN Brokers Sale of Dallas 171-Unit Community
The property, completed in 1974, was recently renovated, with the previous owner investing nearly $1.5 million in a capital improvements program.
Wood Partners Opens Fort Lauderdale Community
The developer broke ground on the 310-unit luxury asset in late 2016, financing the project with a $58 million construction loan from BMO Harris Bank.
Hamilton Zanze Trades ABQ Community
Thayer Manca Residential acquired the 264-unit Class B community, with Zions Bank providing more than $25 million in acquisition financing.
What’s on Residents’ Wish Lists?
Everything from an indoor heated pool to a dry cleaning service topped residents’ wish lists this holiday season, in this month’s survey from MHN and Kingsley Associates.
Harbor Group-Led JV Buys NY High-Rise for $260M
HFF marketed the 40-story luxury tower in Westchester County exclusively on behalf of the seller, Boston-based DSF Group.
Hudson Capital Properties Pays $55M for NC Community
Located in Cary, N.C., the 302-unit property will undergo extensive capital improvements across all units. The seller was White Oak Partners.