Cities
JV Lands Acquisition Loan for West Dallas Asset
S2 Capital and Pennybacker Capital teamed up for the purchase of a 250-unit market-rate community in Arlington, Texas. Mark Brandenburg of JLL led the team responsible for arranging the acquisition loan.
JV Wraps $100M Baltimore Development
Bozzuto Group, War Horse Cities, and Solstice Partners have completed work on Anthem House, a 292-unit community in the Locust Point district.
Top 10 Apartment Owners in Chicago
Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
HOK-Designed ARTerra Tower Underway in MO
The community, developed by Altus Properties and Copaken Brooks, features design elements intended to make the building instantly recognizable in Kansas City and beyond.
HTG Opens 96-Unit Affordable FL Community
The developer invested $18.5 million in Freedom Gardens, a four-building project in the Central Florida city of Brooksville. HTG currently has four affordable communities under construction in the state.
Meridian Capital Secures $23M for Illinois Community
The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.
Baltimore Community Adds Cool Perk
2Hopkins is the first apartment community in the U.S. to implement the Smiota PoD smart lockers. These allow residents to use food delivery services and have round-the-clock access to their shipments by use of their smartphone.
Moinian Group, SL Green Snag $500M for Manhattan Tower
Sky Residence includes 1,175 units and 70,000 square feet of amenity space in a 71-story community. It is the largest single-tower residential building in the U.S., and received the largest-ever single-asset tax-exempt financing completed by Freddie Mac.
VA Property Changes Hands in $65M Deal
The JBG Cos. disposed of Fairmont Gardens, a 388-unit multifamily community in Annandale, Va., one year after acquiring it for $47 million.
Mission Rock Residential on Managing Growth
President Patricia Hutchison discusses the company’s beginnings, today’s multifamily landscape, the lending market and the effects of rising interest rates.