Business Specialties
Work It!—Financing Solutions to the Middle-Market Housing Affordability Gap
The workforce housing segment continues to be one of the most difficult to finance, exacerbated by mounting input costs and ambiguity around its definition. But local-level initiatives offer some solutions.
Transactions: September 2018
The following is a list of transactions that were announced over the months of June and July, 2018.
IPA to Market $21M CA Community
The firm will handle the sale of Villa Capri in Escondido, which includes 98 units and is currently 98 percent occupied.
Strategic Student & Housing Trust Acquires $92M Portland Asset
The 286-unit Courtyard at Mt. Tabor marks the REIT’s fourth acquisition in the senior housing sector since entering the market in February.
HLC Equity Nabs TX Property
Republic Deer Creek Apartments in Forth Worth includes 336 units and features dog parks, a pool with tanning ledges and valet trash pickup.
Greystone Stays Bullish on Affordable Housing
In an exclusive video interview, CEO Stephen Rosenberg outlines the firm’s expansion strategy, including plans to increase investment in communities with on-site health-care services.
Raskin Holdings Sells Nashville Apartments for $50M
Covenant Capital Group picked up the 57-building, 379-unit community, funding the purchase with a five-year, $35 million Freddie Mac loan.
TN Apartments Land $17M Refi
CBRE Capital Markets originated the Freddie Mac mortgage, which retires a prior fixed-rate CMBS loan of $10.6 million taken in 2012.
Nashville Community Changes Hands for $27M
NexPoint Residential Trust acquired the 210-unit suburban Class B garden-style property, financed by a 7-year, $17 million Freddie Mac loan.
A Closer Look at Freddie Mac’s Rent Affordability Initiative
Freddie Mac Multifamily’s Kelli Carhart speaks about the financier’s latest debt program meant to help borrowers consider affordable housing as a viable investment. Property owners receive favorable loan pricing in exchange for maintaining rents at moderate levels.