Business Specialties
Allied Orion Group Tapped to Manage Charlotte Community
The 309-unit property is owned by Arel Capital and offers amenities such as dog park, two swimming pools and a fitness center. Cameron South Park was constructed between 1984 and 1985.
The Number of Insecure Renters to Increase
Will the affordable housing sector hit a roadblock anytime soon? Bank of America Merrill Lynch’s Maria Berry discussed the challenges in the industry and how changes in the tax system will impact the sector.
BPDA Approves 541 New Units Across Boston
The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
Greystone Provides $36M Loan for TX Community
Built in 2016, Parkside Place last traded in November, when Oden Hughes sold it for $48.5 million. The community was 96.1 percent occupied as of October.
Capital Square 1031 Acquires GA Asset
High Ridge Apartments, a 160-unit community in Athens, includes 11 two- and three-story residential buildings. The property was acquired using a 10-year term Fannie Mae loan.
KeyBank Secures $73M Loan for KY Community
The Freddie Mac first mortgage loan features an adjustable rate and a four-year interest-only term. It was used to cover part of the community’s acquisition cost.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
KWA Completes Dallas Smart Community
Digit 1919, a four-story community, features high-tech amenities such as app-controlled thermostats and live-feed wireless security cameras.
Berkadia Arranges $157M Loan for CA Properties
The company worked on behalf of Realty Center Management, which used the Fannie Mae loan to refinance existing debt on four assets.