Cities
Resource Real Estate Buys Phoenix Community for $55M
Bascom Arizona Ventures sold Indigo Creek, a 408-unit community built by Gray Development Group in the Arrowhead region in 1993.
ARA Newmark Closes Record Denver-Area Sale
The 26-unit community was constructed in 2015. The sale marks the company’s highest per-unit multi-housing trade in Colorado.
Oakwood Opens 3rd LA Corporate Housing Property
The 201-unit community is the ninth U.S. corporate housing asset owned by Singapore-based Mapletree Investments, the firm’s parent company.
Xpera CM Wraps Up San Diego Affordable Community
Tenants are already moving into the 205-unit building developed by Wakeland Housing and Development Corp.
ISL to Manage SoCal Senior Living Community
This is the third community the company is managing for The Wolff Co., the developer of the 136-unit property in Oxnard, Calif.
Nashville’s Largest Mixed-Use Project Begins Construction
Fifth + Broadway will feature 350 residential units, 235,000 square feet of retail and entertainment space, 385,000 square feet of Class A office and more than 2,000 parking spaces.
On the Market: 5 Interesting Listings for the Week of 4/10
MHN’s recent finds include two Colorado properties: one in the burgeoning Colorado Springs student housing market, and a historic four-unit property in Denver built in 1890.
Capital One Secures Refi for SoCal Affordable Community
The fixed-rate loan for the 156-unit manufactured housing community in Riverside, Calif., has five years of interest-only payments.
CIM Group Trades 138-Unit Boulder Community
The Los Angeles-based company sold 9Seventy, a newly constructed project adjacent to the University of Colorado. At the time of the transaction, the property was fully leased.
Greystone Expands into Phoenix
The office will focus on Fannie Mae, Freddie Mac, FHA and CMBS finance, serving multifamily owners nationwide. Eric Jones will head up the location as its director.