Cities
Miller-Valentine Unveils Beckett Farms in SC
The 280-unit luxury property in Fort Mill features a farmhouse aesthetic and offers amenities including a salt-water mineral pool, fire pit with grilling stations and private cabanas.
Civitas, Guttman to Develop Ohio Senior Housing
The Grand of Sugarcreek in Dayton will offer 220 independent-living, assisted-living and memory-care units. Construction is slated to start in the first quarter of 2018.
Boston Capital Nabs Charlotte, NC Community
The company acquired the 368-unit property on behalf of Boston Capital Income & Value U.S. Apartment Fund. The cost of purchase, including improvements, reached $60 million.
Security Properties’ Seattle Sale Completes 1st Fund
700 Broadway, a mixed-use property in Capitol Hill, marked the last of 17 assets that comprised the firm’s first closed-end discretionary multifamily real estate fund.
Manhattan Sale Prices Drop: CityRealty Report
The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.
Robust Development, Insatiable Demand in Seattle
The city has been one of the strongest rental markets during the current cycle. Over the last five years, average rents have risen nearly $500 to $1,770.
TSB Capital Cinches Timely Loan for GA Student Housing
Located adjacent to the University of Georgia, The Mark Athens is a 300-unit, 928-bed community that offers a mix of units ranging from studio to five-bedroom.
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.