Business Specialties
Greystone Provides $21M for GA Property
Totaling a combined 388 units, the Woodglen and Forest Pointe communities offer a mix of one- and two-bedroom units. Carter Multifamily purchased Forest Pointe earlier this year.
LandSouth Begins Construction on $37M Charleston Community
When completed in December 2019, The Merchant will include 231 units and a pet spa, a bike lounge and a gaming area.
Recently Converted AZ Senior Housing Lands $13M Loan
The owner of the 227-unit assisted and independent living facility purchased the asset as an Embassy Suites Hotel and repurposed it in 2016.
Carmel Partners Trades SF Asset
Pacific Urban Residential paid more than $40 million for the 69-unit property, with Berkeley Point Capital providing acquisition financing for the transaction.
OC Community Changes Hands in 1031 Exchange
An Avison Young team brokered the sale of Sundance West Apartment Homes. The buyer assumed an existing loan with Chase Bank.
YES Housing Launches Affordable Development in ABQ
Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.
Novare, Mulberry Development Kicks Off VA Community
The 302-unit, transit-oriented Cameron Park will be located in the West End of Alexandria, near the Van Dorn Metro Station.
Freddie Mac Details Housing Finance, Economic Trends
Recently appointed Freddie Mac Vice President & Chief Economist Sam Khater, along with the GSE’s Vice President of Multifamily Research and Modeling Steve Guggenmos, discuss the decline in housing affordability and their organization’s efforts to address it.
VA Property Trades for $51M
Hasta Capital acquired The Residences at City Center, a 291-unit transit-oriented apartment community in Manassas Park. HFF’s investment advisory team represented the seller.
NYC Community Lands $53M Refi
Walker & Dunlop arranged the 12-year, fixed-rate loan on behalf of the developers, Quinlan Development Group and Lonicera Partners, for 153 Remsen in Brooklyn Heights.