Business Specialties
Greystone Provides $36M for MI Asset
Gables of Troy, a 544-unit community in metro Detroit, will receive a HUD-insured Green Rewards refinancing loan. The 35-year mortgage carries a low, fixed interest rate.
Preferred Campus Communities Picks Up Texas Student Housing
The 808-bed asset, which was completely renovated by Haven Campus Communities in 2017, is located one block from Texas A&M University.
Colliers Arranges $26M Miami Land Sale
Executive Vice Presidents Gerard Yetming and Mika Mattingly represented the seller, RAD Miami, in the disposition of the roughly 6-acre vacant parcel.
Stockbridge Snags $120M FL Community
Walker & Dunlop represented HG Management in its disposition of The Quaye at Wellington, one of the highest per-unit sales for a garden-style community in Florida.
Levin Johnston Directs $15M CA Sale
Old Adobe Management Co. sold the 30-unit Velocity at Sequoia Station in Redwood City. During its ownership, the company renovated and repositioned the property.
South Texas Asset Receives $40M Refi
Meridian Capital Group arranged the financing for Watermark Residential’s 324-unit property located in Corpus Christi. Israel Schubert, Peter Martz and Akiva Friend facilitated the deal.
Kidder Mathews Negotiates Sale of 24-Unit Community in San Diego
Located at 1770 Evergreen St., in the city’s Point Loma Heights neighborhood, the 1965-built property features a mix of one- and two-bedroom apartments.
Berkadia Brokers $42 Million AZ Sale
Senior Managing Director Art Wadlund and Director Clint Wadlund, both from the company’s Tucson office, represented Aerie Development in this disposition of a 183-unit asset.
RADCO Trades Atlanta Property for $24M
Strategic Holdings financed the acquisition of the 161-unit property with a $19.9 million Freddie Mac loan.
82-Unit Redevelopment Property Debuts in NJ
The Hampshire Cos., Claremont Cos., NAI James E. Hanson and Provident Bank began work on an 119,000-square-foot building in Hackensack. The asset is part of the city’s rehabilitation plan.