Cities
Luxury Multifamily Community Receives $40M Loan
KeyBank Real Estate Capital has originated a Fannie Mae for Peyton Stakes in Nashville, Tenn. The 249-unit property was built in 2017.
Kennedy Wilson Sells $422M Portfolio
The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.
Stepped-Up Development Takes a Toll in Philadelphia
Echoing a trend that marks some other major metros in 2018, the pace of construction has caught up with demand. That, in turn, is keeping rent growth at modest levels.
Reinventing Luxury Development in Miami’s Coconut Grove
Oscar Rodriguez, principal of ROVR Development, reveals the company’s newest luxury development and how it fits into the neighborhood’s authentic scene.
Colorado Springs Portfolio Trades for $102M
Nexus Commercial Realty closed on the sale of seven apartment buildings that include a total of 1,178 B and C class multifamily units.
Passco Buys FL Asset for $78M
The company acquired Springs at Bee Ridge in Sarasota, Fla. from Continental Property, and plans to rebrand the community as Longitude 82°.
Bascom Group Acquires Denver Community for $93M
The company secured the 275-unit Modera at Observatory Park Apartments from Mill Creek Residential, which will remain the property manager.
ABI Brokers $5M Sale in Phoenix
The community underwent an exterior renovation in 2015 when it was acquired by the seller. The current owner has the opportunity to increase value by implementing interior upgrades.
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
Robust Demand Keeps Occupancy Up in the Twin Cities
The metro’s multifamily market is an investor magnet, boosted by the presence of Fortune 500 companies and a strong education system, which continue to attract new residents to the region.