Business Specialties
TODAY’S DEALS: Friedkin Buys a 374-Unit Illinois Asset
HFF brokers a Illinois sale for MEPT; Titan SenQuest acquires a Texas seniors housing asset; and Beech Street Capital closes a $10.5 million loan for a Utah acquisition.
Capital Stack
Developers seeking financing for apartment acquisitions and/or rehabs are faced with a variety of situations depending on the type of financing—senior loan, transitional financing, or gap financing—that is being sought.
Weather-Resistant Technologies
Building communities to withstand extreme weather conditions.
MHN Interview: Financing Supportive Housing for Veterans
KayBank recently provided $5 million in Low Income Housing Credit to finance a supportive housing development for veterans called Cadence Square in Canandaigua, N.Y. MHN speaks to Kevin Nowak, national equity investment manager for Key Community Development Corp., a part of KayBank, about this transaction, as well as the importance of enhanced-use leases.
San Diego Solar-Powered Apartments Lease Up Quickly
Solterra EcoLuxury Apartments, which has been open for 10 weeks, reports full occupancy. The 114-unit property is distinctive for being the first apartment community in San Diego County that’s fully photovoltaic.
Faux Tin Ceilings from Armstrong Offer a Unique Renovation Solution
Armstrong Residential Ceilings has released a new line of faux tin ceiling tiles called Tin Look that can easily and affordably bring a unique look to your units or common areas.
Engrain Announces Yardi Systems Integration
Engrain, Inc. (engrain.com), the leader in touch screen property tour and resident messaging systems, today announced that its TouchTour system is now fully integrated with Yardi Voyager software.