Business Specialties
Inside the Smart Community Experience
A technology provider and two managers of smart communities explain why a preference for tech amenities has nothing to do with age.
Greystone Provides $22M Loan for Dallas-Area Community
The company was able to offer an exit strategy for a long-term HUD financing solution, in addition to the conventional loan.
CPP Buys 2 Salt Lake City-Area Affordable Properties
The assets, totaling 98 units, traded for $14.3 million. The firm succeeded in fully integrating the communities into the Section 8 housing program.
Alpha Wave Goes Shopping in Vegas
The company acquired Cypress Springs Apartments, located where new supply is somewhat limited compared to the metro’s other areas. The firm will invest approximately $1.7 million in capital improvements.
Kiser Group Brokers Sale of Chicago-Area Community
Principal & Managing Broker Lee Kiser and Broker Matt Halper facilitated the transaction of 345-unit Blue Station Apartments in Blue Island, Ill.
Phillips Realty Capital Secures $40M for TX Property
Weinstein Properties’ acquisition of Century Lake Forest in McKinney, is the company’s third in the Dallas Metroplex and ninth in the state.
NYC Developer Obtains $46M Loan to Build Kips Bay Condos
Forkosh Development Group’s newest project is a 20-story residential building in the Manhattan neighborhood. The site, formerly three small apartment buildings, was purchased earlier this year for $17 million.
JV Buys 240-Unit Baltimore-Area Community for $50M
Morgan Properties and Core Real Estate Partners have acquired Orchard Meadows, located in Ellicott City, as a value-add investment. The community will undergo more than $2 million in upgrades.
Titan, Investcorp Trade Atlanta Community
ECI Group acquired the 410-unit asset located in the city’s West Chamblee submarket. The property offers one- to three-bedroom apartments ranging from 950 to 1,435 square feet.
Advenir Secures $173M to Refinance Denver, Houston Properties
HFF arranged the loans on behalf of the borrower through Freddie Mac’s CME Program. Proceeds will refinance floating-rate debt on five assets.