Cities
New Supply Tempers Rent Growth in San Antonio
The metro’s economy continues to appeal to both investors and developers. Upcoming supply is robust, with more than 8,000 units under construction and another 10,000 in the planning stage.
FCP Snags 4th Charlotte Community
The company paid $22 million for Hunters Pointe Apartments, 386-unit community in the University area. Capstone Apartment Partners represented the seller, Asia Capital Real Estate.
Suburban Philly Property Trades for $34M
The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.
Luxury Downtown LA Community Debuts
4D Development & Investment’s 115-unit property on Grand Avenue will be managed by Moss & Co.
Affordable Orlando Property Receives $17M HUD Loan
Dougherty Mortgage arranged the financing for Landon Pointe Apartments, a 276-unit community managed by Dominium. The transaction involved the re-syndication of an existing LIHTC project.
HFF Secures $77M Construction Loan for NC Project
Senior Managing Director Travis Anderson, Managing Director Justin Good and Senior Directors Cory Fowler and Allan Lynch worked on behalf of the developer, ZOM Living. The Florida-based company is building a luxury community in Charlotte.
CBRE Arranges Sale of Suburban Atlanta Community
Laurel Hills Preserve is located at 1955 N.E. Bells Ferry Road, in Marietta, Ga. The property is currently 98.3 percent occupied and is situated near two interstates.
Boston’s Hood Business Park Gets Residential Component
The mixed-use project will add 177 units and 10,500 square feet of retail space to the Hood Business Park complex.
Orlando Apartments Command $47M
TruAmerica continues its East Coast expansion with the acquisition of the 300-unit Arium Falcon Pines in Orlando. The company is planning on making a multimillion-dollar renovation to the property.
Bay Area Senior Living to Break Ground
Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, a 140-unit assisted living community in Fairfield, Calif.