Cities
Walker & Dunlop Secures $52M in Financing in CA
The firm arranged the 10-year Freddie Mac Green Up loan for a 565-unit community located in the Arden Arcade neighborhood, on behalf of the new owner, OpenPath Investments.
Sunset Boulevard Condos Secure $21M Loan
A joint venture obtained the financing for a new-construction condo project in the Silver Lake neighborhood of Los Angeles.
Clayton Nash Takes Over Phoenix Firm
Through the absorption of Uptown Realty, the company will transfer all agents as well as its office location in the Atlanta Biltmore. The company also revealed plans to hire up to 1,200 agents and add several more branch locations this year.
Chicago Student Housing Tower Changes Hands
University Center Chicago, acquired by AXA Investment Managers – Real Assets and Blue Vista Capital Management, totals 1,732 beds and is proximate to 22 universities.
Advenir Scores $52M for FL Luxury Apartments
Berkadia arranged Freddie Mac financing for the purchase of Aventine at Naples, a 350-unit luxury community that is currently 89 percent occupied.
Orlando Community Obtains $55M in Bond Funding
Westport Capital Partners and BTI Partners are developing The Grove Resort and Spa. Located near Disney World, the property will include condos and recreational amenities such as a water park, restaurants and bars.
EdR Opens 304-Bed Texas Community
The Local Downtown will cater to students attending Texas State University. The development will add nearly $300 million in assets to its owned portfolio and will deliver $100 million In third-party developments this year.
Affirmed Unveils San Diego Affordable Housing
The 62-unit community designed by Carrier Johnson + Culture is an eco-friendly project that will serve homeless individuals with special needs.
Peak Campus Expands Management Portfolio With Over 2,000 Beds
The property management company was awarded management of four student housing communities located in Texas, Nevada and North Carolina.
Meridian Secures $22M in Financing for Luxury Development
Avery Place at Pompano will be an eight-story, Class A community with 145 luxury rental units and workplace studios ranging between 800 and 1,200 square feet.