Business Specialties
HTG Opens 96-Unit Affordable FL Community
The developer invested $18.5 million in Freedom Gardens, a four-building project in the Central Florida city of Brooksville. HTG currently has four affordable communities under construction in the state.
Meridian Capital Secures $23M for Illinois Community
The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.
Investor Acquires, Merges 2 FL Properties
Northland Investment Corp. has acquired Mallards Cove and Shell Trace in Jupiter, Fla. Renamed Jupiter Isle, the new property features 359 units set on a low-density, 42-acre site.
Baltimore Community Adds Cool Perk
2Hopkins is the first apartment community in the U.S. to implement the Smiota PoD smart lockers. These allow residents to use food delivery services and have round-the-clock access to their shipments by use of their smartphone.
Amenity-Driven Renters Are Selective: Village Green Survey
The company’s national study found that although there are generational differences when it comes to a community environment, a majority of renters are taking a growing interest in amenity offerings.
A Smart Bulb That Reacts to Sound & Motion
Heelight is a digital light with 30 different modes that can be controlled by using a smartphone app. By scanning a QR code, the bulb can be operated without Bluetooth or Wi-Fi like other smart options on the market.
Maplewood Debuts Cape Cod Senior Housing
The 75-unit property is part of the Maplewood at Mayflower Place campus, a full-service continuing-care retirement community in West Yarmouth, Mass.
Moinian Group, SL Green Snag $500M for Manhattan Tower
Sky Residence includes 1,175 units and 70,000 square feet of amenity space in a 71-story community. It is the largest single-tower residential building in the U.S., and received the largest-ever single-asset tax-exempt financing completed by Freddie Mac.
Praxis Lands 1st Atlanta Asset
The San Francisco-based company entered acquired the 198-unit Birch Run Apartments in Clarkston, Ga. The property will soon undergo a $3 million renovation process.
Waterton Secures DC-Area Luxury Community
Built in 1992, the 404-unit Citizen at Shirlington Village will undergo renovations to its unit interiors and common areas.