Cities
Alden Street Capital Buys FL Student Housing
TSB Realty arranged the sale of the 770-bed student housing property marked the company’s third transaction to an affiliate of Alden Street. The community was built in 2009.
Orlando Affordable Housing Scores $20M Refi
Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.
JV Secures $155M for Miami Condos
Terra, New Valley, Great Eagle Holdings and Bizzi & Partners secured the construction financing for Eighty Seven Park, a 66-unit tower featuring luxury amenities such as a butler service, juice bar and full-time botanist.
Western National Begins Construction of Luxury CA Development
The company has started building its 11th property in Brea. Calligraphy, a 206-unit community, is expected to be completed in early 2019.
DMG Investments Tops Out on NJ Luxury Condo Asset
While completion of the 204-unit One Park in Cliffside Park, N.J., is scheduled for fall 2018, Halstead Property Development Marketing recently opened an onsite sales gallery.
CapStack’s Stake in Multifamily Investment
The New York City-based firm is focusing on value-add opportunities in the Southeastern U.S. With 15 years of experience in the industry, Portfolio Manager Ben Inman will handle acquisition and asset management of CapStack’s multifamily investments.
Yardi Launches Hurricane Harvey Registry; Pledges $1M
To help the tens of thousands of people affected by Hurricane Harvey and to assist its multifamily clients in the region, Yardi has leveraged its RENTCafé property marketing and leasing platform to create a housing registry website that will help displaced residents find temporary and permanent homes.
Passco Adds New Acquisitions VP in Denver
With nearly 20 years of industry experience, Brett Johnson will be responsible for sourcing and acquiring multifamily investments.
$120M Senior Housing Opens in LA
C.W. Driver developed Fountainview at Gonda West, a 460,000-square-foot development in Playa Vista that will serve more than 250 seniors with a full range of active living, healthcare and in-home services.
U of Kansas Boosts Student Housing Capacity
The four-building project will offer 1,238 beds serving the University of Kansas. This marks the company’s largest project and the first one in Kansas.