Cities
Hunt Mortgage Arranges $9M Loan in VA
Geller Associates acquired Lee’s Landing in Newport News and will improve the community in order to qualify for the Fannie Mae green rewards program.
Ability Housing Breaks Ground on Orlando Affordable Property
Village on Mercy includes 166 units and will be restricted to residents earning 60 percent or less of the area’s median income. Construction is expected to take 18 months.
Opus Group Begins Construction of Chicago Mixed-Use
The six-story project will comprise 164 units and 7,600 square feet of Class A retail space. Completion of the community is scheduled for spring 2019.
Greystone Earmarks $36M for AZ Apartments
Aldea at Estrella Falls, a 328-unit community in Goodyear, a suburb of Phoenix, includes grills, a fitness center and a heated pool.
Salt Lake City-Area Community Changes Hands for $32M
Buchanan Street Partners has acquired the 160-unit Pinnacle Fort Union property as a value-add investment.
Walker & Dunlop Secures $75M Refi for Properties in DC, CA
Located in central Washington, D.C., and Sacramento, the properties total 450 units. The bridge loans provide 12-month terms with flexible prepayment options.
Kushner Buys 360-Unit NJ Property
The company has acquired Prospect Place, a two-building community located in Hackensack, N.J., from Greystar.
Behind the Scenes of Nashville’s Multifamily Growth Spurt
William Kirkland, managing partner of The Kirkland Co., spoke with MHN about the metro’s unprecedented growth and where the market is headed.
Luxury Hampton Roads Community Selects Management
The development, planned to encompass approximately 500 upscale apartments near Dollar Tree’s future headquarters, will also include 50,000 square feet of retail.
Avanath Buys 3 Affordable Communities in NJ, MD
Through its Affordable Housing III fund, the company bought two properties in Upper Marlboro, Md., and one in Wharton, N.J., with plans to upgrade the assets.