Business Specialties
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.
Transactions: December 2017
The following is a list of transactions that were announced between Sept. 29 and Oct. 26, 2017.
CBRE Arranges Sale of AL Student Housing Community
University Partners bought the 353,256-square-foot community for an undisclosed price. The 900-bed property features two-, three, and four-bedroom garden-style apartment units.
Dougherty Closes Acquisition Loan for Dallas-Area Community
Working on behalf of Spanish Chase LLC, Dougherty Mortgage secured a $4 million loan for the acquisition of a 77-unit community in Irving, Texas.
The Wren Breaks Ground in DC
The nearly 300,000-square-foot mixed-use building will include a ground-level Whole Foods store and 433 residential units, of which 132 will be affordable.
Walker & Dunlop Closes $33M Refi
The Freddie Mac Green Up funds were used for the acquisition of The Place at Castle Hills, a 680-unit garden-style community located in the Hill Country Village submarket of San Antonio.
NAPA Ventures Sells San Antonio Asset
The company sold Morgan Manor, a 157-unit property located in San Antonio’s Oak Hills Country Club submarket, to Sylis Real Estate.
Western Wealth Capital Grabs AZ Property
Country Gables is a 139-unit community in Glendale and is the company’s 35th multifamily acquisition in the Greater Phoenix area.
HGI Acquires $1.8B Portfolio
Comprising 9,677 units across 25 communities, the properties are located in Philadelphia, Chicago, Baltimore, Boston and metro Washington, D.C. The company purchased the portfolio from Lone Star Funds.
Affirmed Begins Work on San Diego Veterans Community
The project will transform a motel into an 84-unit community to be known as Zephyr. Funding is coming from several government sources, including the California Department of Housing and Community Development.