Cities
Emerald Equity Lands $129M for Bronx Portfolio
Sabal Capital Partners closed on 34 Freddie Mac Small Business Loans on behalf of Emerald. Comprising more than 850 units, this marks the largest Small Balance Loan transaction through the Freddie Mac SBL program since it was created in 2014.
Dougherty Closes $14M Loan for Minneapolis Asset
The company worked on behalf of the borrower, Eagan Apartment Associates LLP, to close the 12-year term loan. The community was 98.2 percent occupied as of August.
Affordable Indiana Community Lands Refi
The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.
Belmont Village Senior Living Tops Out on Lakeway Community
White Construction Co. completed the concrete structure for Belmont Village Lakeway community in early September. The property is slated for completion in the summer of 2018.
PAC Lands 260-Unit KC-Area Community
Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.
Walker & Dunlop Expands Team in TN
As managing director, Telly Fathaly will be initiating the company’s presence in Nashville. He has more than 14 years of experience in the multifamily industry.
Aztec Group Welcomes New Managing Director
Peter Mekras’ industry background includes more than $1.85 billion in closed sales and capital market transactions involving apartment communities, fractured condominiums, developed lots, land, retail and office space.
Maryland Investor Acquires Atlanta Apartments
Preferred Apartment Communities has secured Aldridge at Town Village, a 300-unit community in Marietta, Ga., that was built in 2016.
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.
Priderock Makes Record Buy in Phoenix
The company purchased the 832-unit Heritage at Deer Valley for $125.5 million, the highest price ever paid in Phoenix for a single community.