Cities
WWC Continues Phoenix Divestment Streak
The Canadian company acquired the asset in 2016. ROI from the current transaction is projected at approximately 18 percent over the 20-month term.
Flower Branch to Rebuild DC-Area Apartments Lost in Explosion
The company will break ground on two buildings totaling 27 units, replacing two structures that were destroyed by a deadly fire in August 2016.
IPA Hires Director of Senior Housing in Chicago
Throughout her career, Jordyn Berger has originated more than $3 billion in commercial real estate debt. In her new role, she will focus on arranging senior housing financing.
Affirmed Housing Breaks Ground on San Jose Community
The project will be developed for formerly homeless individuals and include a temporary housing section, which will accommodate 20 people waiting for permanent housing.
Lynd Appoints New Leaders
The multifamily property management company has named David Lynd as president & CEO, Ken Miller as COO and Matt Merritt as CFO.
FLF Holdings Buys FL Asset for $111M
The firm has received $76 million in financing for the acquisition of a 900-unit property in Bradenton. The 10-year, fixed-rate loan was secured through Freddie Mac’s CME program.
PCCP Provides $24M for NV Community
The Calida Group plans to renovate Hampton Garden in Summerlin-Spring Valley, a Las Vegas submarket. The 18-year-old property includes 180 units in 16 buildings.
Marcus & Millichap Brokers Sale of MN Asset
Led by Michael Glass, regional manager of the firm’s Minneapolis office, Evan Miller, Mox Gunderson, Dan Linnell and Josh Talberg of GLT Partners completed the $2.8 million transaction.
JV Nabs 300-Unit Orlando Property
Robbins Property Associates and LEM acquired Art Avenue, which spreads across 11 buildings and features a business center, a swimming pool and 350 parking spaces.
Capstone Expands TX Management Portfolio
The firm will manage two recently traded Class C communities in Houston and Waco, totaling 315 units across 27 buildings.