Business Specialties
WNC Earmarks $94M for CA Affordable Portfolio
A recently closed LIHTC fund is providing capital to acquire and renovate 972 units in Los Angeles, Sacramento and other California cities.
Castle Lanterra Sells $50M Chicago Community
The 424-unit Midpointe underwent extensive upgrades to both the interiors and exteriors, including the addition of a resident lounge and fitness center created from underutilized storage space.
Chestnut Hill Sells 17-Unit Cambridge Community
Situated within walking distance of Harvard University and the Massachusetts Institute of Technology, the multifamily property traded for $11.9 million.
Hines to Enter Italy’s Student Housing Market
The company plans to develop a student housing community that will offer 600 beds, including micro-housing units, located near Bocconi University.
MRP Realty Nabs 400-Unit NoVa Community
Walker & Dunlop has facilitated the sale and financing of the multifamily property located in Alexandria, Va., close to the Van Dorn Street Metro station.
Watercrest Opens New FL Luxury Assisted Living Facility
Located halfway between Miami and Orlando, Watercrest St. Lucie West offers 102 assisted living and 26 memory care units, along with resort-style services.
HFF Secures $49M for Stadium View in MN
The 277-unit, 956-bed Minneapolis community serves students at the University of Minnesota and includes a fitness center, a game room, tanning beds and a 24-hour concierge.
CBRE Brokers Sale of 144-Unit SC Community
Beacon Ridge in Greenville traded for $14.6 million. Represented by CBRE’s Kevin Kempf, Parker Yates, David Lansbury and Phil Brosseau, Grubb Properties sold the asset to PRG Real Estate.
Copeland Lands $33M for TX Asset
The loan will be used to finance the ground-up development of Grand on Beach Apartments, a 302-unit community located northeast of Fort Worth.
13th Floor, Adler Group Top Off Miami Development
The joint venture’s Motion at Dadeland has 294 units and 8,000 square feet of ground-floor retail space. Amenities will include poolside cabanas, communal sun loungers, party lounge and a coworking center.