Business Specialties
Residents and Public Transportation
When apartments are located in urban—or even suburban or rural—residents sometimes cannot have a car and therefore must rely on public transportation. And when a community is in proximity to a bus or subway, it is often seen as an added bonus. MHN and Kingsley surveyed renters to see what they thought about their transportation options.
TSB Capital Cinches Timely Loan for GA Student Housing
Located adjacent to the University of Georgia, The Mark Athens is a 300-unit, 928-bed community that offers a mix of units ranging from studio to five-bedroom.
Orlando Affordable Housing Scores $20M Refi
Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.
JV Secures $155M for Miami Condos
Terra, New Valley, Great Eagle Holdings and Bizzi & Partners secured the construction financing for Eighty Seven Park, a 66-unit tower featuring luxury amenities such as a butler service, juice bar and full-time botanist.
Western National Begins Construction of Luxury CA Development
The company has started building its 11th property in Brea. Calligraphy, a 206-unit community, is expected to be completed in early 2019.
Secondary Markets Present Strong Opportunities
Investing in markets outside the core presents an opportunity to capitalize on the demand for downtown assets without the downtown address. Stephen Catarinella of CAPREIT discusses what factors to consider when acquiring communities in these areas.
DMG Investments Tops Out on NJ Luxury Condo Asset
While completion of the 204-unit One Park in Cliffside Park, N.J., is scheduled for fall 2018, Halstead Property Development Marketing recently opened an onsite sales gallery.
CapStack’s Stake in Multifamily Investment
The New York City-based firm is focusing on value-add opportunities in the Southeastern U.S. With 15 years of experience in the industry, Portfolio Manager Ben Inman will handle acquisition and asset management of CapStack’s multifamily investments.
Dougherty Closes $9M Loan for Tallahassee Sale
The company closed a 12-year Fannie Mae financing for the acquisition of a 152-unit market-rate property located within 10 minutes of downtown.
EdR Goes Into The Woods at Northern Michigan U
Scheduled for completion in 2018, the $75.4 million public-private partnership will create 1,229 beds on the Upper Peninsula campus.