Cities
ZOM Living Breaks Ground on Dallas Luxury Community
Scheduled for completion in 2019, The Kinstead will be a 376-unit community in McKinney, Texas. ZRS Management will be in charge of leasing and management of the upcoming multifamily property.
Knoxville: No Longer in Nashville’s Shadow?
Both investors and developers are actively seeking opportunities in the market, which is expected to add new units at a rate that has not been met since 2011.
Historic Lafayette Park’s First Luxury Community in 40 Years
DuCharme Place is a $45 million multifamily project inspired by architect Mies’ design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit in the early 2000s.
ARA Leads $38M CO Community Transaction
Previously owned by Jackson Square Properties, the 257-unit community is located in Lakewood, Colo.
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
IEC Snags $34M San Diego Property
The company has acquired Verse La Mesa, a 133-unit, value-add multifamily asset in the La Mesa submarket.
Dougherty Mortgage Closes $10M Loan for San Antonio Sale
The company closed a 12-year Fannie Mae financing loan for the acquisition of a 168-unit community located in San Antonio’s North Loop submarket.
ArborCrowd Turns to Crowdfunding for San Antonio Asset
The online commercial real estate company and crowdfunding platform is seeking investors for Quarry Station Apartments, an Alamo Heights community formerly known as The Crescent.
Population Growth Sustains Demand in Nashville
The city is slowly diversifying its economy, venturing from reliance on the entertainment industry. In response to the growing demand, developers are ramping up construction, with more than 13,000 units underway as of July.
Marcus & Millichap Arranges $13M Sale
The 53-unit community is located in the heart of Denver’s Capitol Hill neighborhood and offers a mix of studios and one- and two-bedroom units.