Cities
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.
Radco Acquires 1,400 Units in Suburban Indianapolis
A major private capital player, the company financed the acquisition using its private capital platform, as well as debt furnished by BBVA Compass.
San Diego-Area Community Trades for $14M
Curtis Properties sold the 62-unit, garden-style asset, which is situated east of central San Diego and dates back to 1974.
Dalan, VM Management Buy 138-Unit Phoenix Asset
The previous owner acquired the property in 2015 for $10.7 million and renovated it extensively before placing it back on the market.
Greystone Provides $22M Loan for Dallas-Area Community
The company was able to offer an exit strategy for a long-term HUD financing solution, in addition to the conventional loan.
WDP Management Buys Chicago Condo Community, Plans Conversion
Kiser Group’s Senior Director Noah Birk and Director Aaron Sklar brokered the transaction of the 29-unit asset in the city’s South Shore neighborhood.
Downtown San Jose Community Sells for $13M
Levin Johnston has brokered the sale of First Street Manor, a property located in downtown San Jose, within two miles of the city’s future Google Village.