Cities
Mixed-Income Asset Coming to Minneapolis
Dougherty Mortgage has closed $42.8 million for Prospect Park Properties and Timberland Partners’ Green on Fourth, a 243-unit community located in the Prospect Park neighborhood.
HFF Arranges Refinancing for TX Community
Working on behalf of Chappell Hill Investment Group Inc., the firm secured a 10-year, fixed-rate loan for Chappell Oaks in Belton.
Supply Moderates Rent Growth in Nashville
The lack of affordable units and record deliveries are dampening growth, although healthy fundamentals and the potential for economic improvement are drawing developers and investors alike.
Dougherty Secures Dallas Acquisition Loan
The company closed on the 12-year Fannie Mae financing in partnership with Old Capital Lending. The 106-unit garden-style community sits less than one mile from Interstate 35E.
Dougherty Arranges $14M Refi for MN Senior Community
Rosemount Senior Living at Steeple Center is located within a 35-minute drive south of downtown Minneapolis and comprises 92 independent, assisted living and memory care units.
JVM Snaps Up 138-Unit Downtown KC Community
The investment and property management firm acquired Apex on Quality Hill, a luxury asset in Missouri’s largest city. The company also owns and manages Apex’s sister property, located one block away.
Strength of the Inland Empire
Rents continue to grow at a solid rate, thanks to steady job gains as the region’s economic cornerstone, the industrial sector, is surging.
Kennedy Wilson Snags 2 in Salt Lake City for $93M
The firm is planning on initiating its value-add asset management plan on both properties, Santa Fe in Cottonwood Heights and Creekview in Midvale, investing $5.3 million.
CBRE Facilitates $42M Financing for Durham-Area Acquisition
Steve Heffner, Nate Sittema and Kristen Reilley from the company’s Charlotte office secured the Fannie Mae loan on behalf of the buyer, Centennial Holding Co.
Manhattan Skyline Management Hires New VP
Chris Dell’Armo is the newest vice president of sales, leasing and marketing, bringing more than 10 years of experience in the industry.