Business Specialties
Greystone Arranges $69M for MD Property
Brokers Dan Sacks and Eric Rosenstock of the company’s New York CIty office originated the Fannie Mae DUS loan for the purchase of a 486-unit community in Lanham.
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.
WNC Closes $150M LIHTC Fund
WNC Institutional Tax Credit Fund 45 LP will be used to develop and renovate 26 affordable housing communities in 12 states.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.
Vitus Enters CO Market
In a collaboration with the Colorado Coalition of the Homeless, the affordable housing developer acquired Renaissance 88, a 180-unit property that the company plans to renovate.
HFF Arranges Construction Loan for Denver Senior Housing
Upon completion in 2019, the Class A community will offer 94 assisted-living and 32 memory-care units.
Capitol Seniors Housing Opens Luxury NJ Community
Arbor Terrace is a $25 million assisted living and memory care project in Mountainside, which Meyer Senior Living Studio designed.
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
MI Community Receives $11M Refi
After previously securing acquisition financing for Timberwood Crossing, Cohen Financial has now arranged a HUD-insured loan for the same property. Managing Director Cathy Bronkema worked on behalf of the owner.
Tampa Asset Commands $31M
Franklin Street arranged the sale of River View Apartments from River View Tampa. The community includes 296 units.