Business Specialties
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.
Poll: Privatizing GSEs
MHN has a new poll! We want to know how your business will be impacted if congress elects to privatize the GSEs.
Westside Capital Buys Jacksonville Property
The 176-unit multifamily asset changed hands for $13.2 million, which is more than 50 percent higher than the seller’s acquisition cost in 2014.
SoCal Luxury Community Breaks Ground
Modera San Diego, a 368-unit upscale multifamily property in the city’s East Village neighborhood, will welcome its first residents in spring 2021.
NJ Mixed-Use Development Site Commands $48M
Meridian Investment Sales represented both parties in the deal for the 3.4-acre lot, which will be turned into five buildings consisting of 477 residential units and some 23,000 square feet of retail space.
Trinity Real Estate Sells Atlanta-Area Community
The buyer paid $11 million for the 352-unit Class C asset, with Arbor Realty Trust providing $12.5 million in acquisition and development financing.
Gellar Associates Acquires Baltimore Asset
The buyer, Geller Associates, opted to finance the acquisition under Fannie Mae’s Green Rewards program and will implement energy and water saving measures.
NMHC’s 2019 Apartment Strategies Outlook Conference Coverage
From sessions ranging from an economic outlook and market expectations, to investor obstacles, the conference covered an array of subjects that outline the multifamily market’s future.