Business Specialties
Waypoint Converts FL Student Housing to Apartments
Renovations of the 288-unit asset will reconfigure existing floorplans to meet the need for affordable housing in Tallahassee.
J.P. Morgan Buys $127M Denver Asset
Forum Real Estate Group sold the 300-unit community through HFF. The high-end property is located near the Denver Tech Center.
CGI Strategies Sells Atlanta Mixed-Use
City Walk, which includes a multifamily and a retail component, was acquired by two buyers. FPA Multifamily bought the residential section and a joint venture purchased the retail.
Top 10 Largest DC Communities Under Development
The city’s multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.
1st High-Rise Debuts in DTLA $1B Project
Greenland USA opened the first luxury residential building, part of its Metropolis mixed-development, which towers 38 floors above the city. Two other towers are under construction.
Richland Living Secures Acquisition Loan for San Antonio Property
Hunt Mortgage Group arranged a $10 million acquisition loan for the 192-unit The Richland Apartments in San Antonio-New Braunfels.
Bell Partners Snags 308 Units
Stonebridge Terrace, which will be renamed Bell Stonebridge, is a two-year-old community located within Stonebridge at Potomac Town Center, a half-million-square-foot lifestyle hub.
CityView, Dinerstein to Develop CO Luxury Apartments
The proposed 350-unit, Class A development will be replacing an underutilized retail center at the site. Groundbreaking is scheduled for August 2017 and completion for mid-2019.
Pillar Provides Freddie Mac Loan for Richmond Community
The company originated a $10.4 million, 7-year loan for the acquisition of a 348-unit community located in the Bellwood. The asset has an occupancy rate of 97.4 percent.
Lerner Refinances Affordable Housing in Suburban DC
The company, which has owned the property since 1993, received $34.5 million for Springs at Reston, a 362-unit community in Reston, Va.