Business Specialties
Former Maine Church Becomes Senior Housing Community
The construction of St. Ignatius, a 66-unit senior housing community in Sanford is now complete. WNC provided $8.6 million in LIHTC equity to help fund the project.
GFI Acquires Newly Built Dallas-Area Community
Davis Development sold Venue Craig Ranch, a 277-unit, garden-style multifamily property in McKinney, Texas. The buyer is an affiliate of GFI Capital Resources.
Boutique Condo Development Coming to Pompano Beach
Designed by IDEA Architecture + Engineering, Arya Oceanside Residences will boast ocean and Intracoastal views from floor-to-ceiling windows and sliding glass doors.
Dougherty Closes Fannie Mae Loan for 196-Unit TN Property
The national mortgage banking firm facilitated an $8.4 million loan for the refinancing of The Hills at Oakwood Apartment Homes in Chattanooga. S&S Property Management owns and manages the community.
CA Senior Living Acquires TX Senior Housing Portfolio
The three properties include the 107-unit Village Assisted Living and Memory Care in Denton; the 92-unit Village at Mapleshade in Plano; and the 107-unit Village at Stonebridge in McKinney. The properties opened in 2016, 2015 and 2014, respectively.
JV Closes Refi of Affordable NJ Property
The Diocesan Housing Services Corp., MDG Design + Construction and Hudson Valley Property Group will help maintain the affordability of 205 units in Cape May for the next two decades.
JV Invests $23M in Boston-Area Community
Blackfin Real Estate Investors and True North Management Group purchased The Bixby in Haverhill, Mass. The property’s previous owners recently completed renovations.
TX Student Housing Community Opens
Located in the heart of San Marcos, Texas, Pointe San Marcos will cater to students attending Texas State University.
Houston Community Lands $11M Refi
The sponsor obtained a Fannie Mae mortgage to refinance this 300-unit community which sustained no damage in the wake of Hurricane Harvey.
Suburban Denver TOD Sells for $95M
Wolff Co. sold the 360-unit 8000 Uptown Apartments in Broomfield, Colo., for $264,000 per unit. The property is 96 percent occupied.