Cities
Berkadia Arranges $57M Loan for Denver Community
Veranda Highpointe consists of one- to three-bedroom residences as well as 41,000 square feet of retail space.
There’s Hope for This South Park Luxury High-Rise
Lendlease and Full Star Properties LLC started construction on a mixed-use luxury condo building, which has been in the pipeline since 2006.
Arbor Funds $15M in Charlotte Fannie Mae Deal
The company provided financing for the acquisition of Pressley Ridge Apartment Homes, a fully affordable, 504-unit property. Blackfin Real Estate Investors currently owns the asset.
Meridian Secures $32M for Far North Dallas Community
Azure Partners is set to acquire a 267-unit community in Fairview, Texas, completed last year. Meridian’s Abe Hirsch and Moshe Majeski secured the five-year, fixed-rate loan.
Greystone Provides $79M FHA Loan for Michigan Portfolio
The portfolio includes both market-rate and affordable housing communities that will be renovated using the funds. Most of the properties are owned by the Altman Cos.
Related, Stanford Debut Affordable Community in Bay Area
Related California broke ground on the 70-unit property in Palo Alto, Calif., in 2015. The community resulted from a 2005 agreement between the city of Palo Alto and Stanford University to create housing for Stanford faculty and the surrounding community.
Las Vegas Luxury Property Sells for $63M
Green Leaf Capital Partners acquired Volare Apartment Homes, a garden-style, Class A property. As of May 2017, the community was 91 percent occupied.
Abbey Residential Snags Houston-Area Community
Berkadia arranged the sale on behalf of the seller, Mill Creek Residential. The 396-unit Modera Spring Town Center comprises 21 two- and three-story buildings.
Top 10 Apartment Owners in Atlanta
The area’s healthy economy and broad-based job and population growth are fostering demand for rentals and attracting developers and investors. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
Sentinel Sells 122-Unit Brooklyn Community
The property, which traded for $33 million, is located in the northern part of the borough’s Kensington neighborhood and includes studios, as well as one- and two-bedroom apartments.