Business Specialties
Insula Cos. Offloads Tampa Community for $21M
The asset sits a mile north of the University of South Florida’s campus and consists of 168 two-bedroom townhouse units.
Silverstone Healthcare to Open Dallas Assisted Living
HarborChase of the Park Cities will feature 134 assisted living and social and educational services, medication management and housekeeping.
FL Townhome Development Lands $7M Loan
RARE CRE secured financing for the construction of The Preserve at Hypoluxo, a 44-unit upscale community in Lantana, that includes a retail component.
Manhattan Apartment Prices Continue to Drop: Halstead
The median cost has remained unchanged from quarter four of 2017 but dropped 1 percent from the previous year, according to the company’s most recent report.
Capital One Secures $49M Loan for SoCal Manufactured Housing
The company structured a $48.8 million Fannie Mae adjustable-rate mortgage on behalf of Kort & Scott Financial Group for Lincoln Center Mobile Home Park, a 305-unit community in Cypress.
Andover Real Estate, M Group Pick Up MI Asset
The buyers financed the acquisition with a $16 million Fannie Mae Green Rewards loan originated by Hunt Mortgage Group.
Affordable FL Community Lands $23M
Dougherty Mortgage arranged the financing for the acquisition and rehabilitation of the 336-unit Seven Palms Apartments in Punta Gorda. Dominium purchased the property from Alliant Capital.
CBRE Provides $14M for Historic Cincinnati Asset
The company closed the refinancing of The Reserve at 4th and Race, an 88-unit community in the CBD. Mark Tran, senior vice president of CBRE Columbus, originated the loan.
2018 Multifamily Trends: Learning from Homeownership Demand
In a candid exchange with MHN, Jay Lybik, vice president of research services for IPA, a division of Marcus & Millichap, detailed what’s driving the sector’s growth.
Hamilton Zanze Snags 518-Unit CT Portfolio for $63M
The two communities located in the Westlake District of Middletown, Conn., changed hands in a deal brokered by IPA.