Business Specialties
WinnDevelopment Opens $29M NY Senior Housing
The Landmark at Sibley Square in Rochester includes 72 affordable units and is part of the larger Sibley Square mixed-use redevelopment.
Campus Advantage Acquires 6 Student Housing Properties
The developments, located in Alabama, Illinois, Oregon, Tennessee and Washington, add 714 units and 1,910 beds to the company’s portfolio.
Suburban Atlanta Senior Community Changes Hands
Village Park Senior Living has sold the 127-unit Village Park at Alpharetta, a newly constructed property offering independent and assisted living as well as memory care units.
Bocchi USA Announces New Fireclay Kitchen Centerpieces
The company’s new products feature Clean Plus+ and Super Smooth Technologies, which reduce lime remains and create a hydrophobic effect, thus preventing dirt and bacteria accumulation.
Dallas-Area Property Receives $47M Construction Loan
The 308-unit Tower Bay Lofts will be built using Federal Housing Administration financing. The project obtained a “residential” wage decision, resulting in significant savings for the developer.
Planned Durham-Area Project Lands $17M Loan
Trez Forman CEO Brett Forman originated the loan, which will help the borrower in the acquisition of a 138-acre parcel slated for the construction of an 880-unit property.
Kidder Mathews Arranges Sale of San Diego Coastline Community
The company’s Merrick Matricardi, Jim Neil and Eric Comer worked with ACRE on behalf of the buyer. The oceanfront property is one of the few of its kind in the county.
Baltimore Affordable Senior Property Lands $33M HUD Loan
National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.
On Demand Webinar: Building and Managing Your Online Reputation
Learn how to make property reviews work for you. Join MHN and social media marketing and management PaaS provider, SOCi for a 60 minute webinar on the latest best practices in reputation management.
Luxury Multifamily Community Receives $40M Loan
KeyBank Real Estate Capital has originated a Fannie Mae for Peyton Stakes in Nashville, Tenn. The 249-unit property was built in 2017.