Cities
Dougherty Closes $7M Loan for Irving Community
The company completed a 12-year, two-year interest only Fannie Mae loan for the 134-unit property.
MPE Partners Receives Funding to Acquire Cincinnati Apartments
Hunt Mortgage Group secured acquisition financing from Freddie Mac for 170 garden-style units on two parcels totaling about 8.5 acres. The property consists of eight residential buildings plus a leasing office and maintenance building.
$73M Rehabilitation of SoCal Affordable Community Underway
The redevelopment of the 268-unit project by Community Preservation Partners marks the biggest tax credit in Indio, Calif. The second phase is slated for completion by the end of the year.
HPI Acquires $23M Atlanta-Area Community
This marks the final acquisition by HPI Real Estate Fund IV, which closed to new investors in December 2016 after purchasing 12 properties totaling 2,616 units.
Orlando Apartments Change Hands for $22M
Dominium Management Services procured the 304-unit community from Fieldstone Properties. The company plans to do a “significant” rehab on the amenities.
29th Street Capital Buys 12th Bay Area Community
The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.
Campus Advantage Sells University of South Florida Asset
The company acquired On50 in 2014 and executed a value-add investment strategy. It addressed the property’s deferred maintenance issues, and partnered in an integrated marketing approach delivered by industry specialist Catalyst.
HFF Secures $23M for Walnut Creek Condos
The 48-unit community will be developed by a joint venture led by The Address Co. The property is slated for completion in the summer of 2018.
Peak Campus’ Jennifer Hill Climbs Corporate Ladder
Hill has been with the company since its inception, having served as senior vice president. In her new position, she will be responsible for all staff operations and oversee all legal matters.
Capstone Expands Texas Property Management Portfolio
The firm added five communities across the state, bringing its portfolio to roughly 35,000 units. Property locations include Brownsville, Clear Lake, Pearland, Pharr and San Marcos.