Cities
On the Market: 5 Interesting Listings for the Week of 6/4
This week’s listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix’s growing South Mountain Village area, and more.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
Asset Campus to Manage MI Student Housing
Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.
Dallas Senior Housing Community Lands $26M Loan
KeyBank originated a Freddie Mac loan for the acquisition of a 175-unit property. The community was built in 2009 and offers independent living homes.
Unlocking Potential in New York’s Emerging Submarkets
Eran Polack, CEO & co-founder of HAP Investments, analyzes investment opportunities across the metro and outlines the drivers of Northern Manhattan’s rapid transformation.
Atlanta Tower’s Act 3: Senior Housing
Originally a hotel, later a condominium community, Presidential Tower is about to start a third life as senior housing. Peacock Partnership acquired the property after five years of negotiations.
New Supply Tempers Rent Growth in Denver
The metro’s steady job additions and population gains have rapidly pushed up housing demand. But the resultant heavy apartment development has put a damper on rent growth.
Melo Group Scores $85M Financing for Residential Towers
Ocean Bank provided the funding for construction of a residential complex comprising two 34-story towers and 667 units in the heart of downtown Miami.
Eyzenberg & Co. Arranges Developer, Ground Lease for NC Student Housing
The firm selected Greystar to develop Grove Park, a 339-unit community in Chapel Hill, which is set to replace the current apartment building at the site.
FCP Sells Suburban DC Community for $25M
Built in 1968, River Pointe features 170 units and is situated roughly 14 miles south of Washington, D.C. The former owner purchased the property in 2011, as a value-add investment.