Cities
Dougherty Closes $12M HUD Loan for OH Community
Meadow View Townhomes is a 128-unit property located in in Goshen. All units are restricted to residents earning 60 percent or less of the area’s median income.
Wood Partners Sells Tampa-Area Community
Northland Investment Corp. paid $52.9 million for the newly constructed property. Located at 23700 Viento Drive, The Village at Terra Bella consists of 14 three-story buildings and an 11,000-square-foot clubhouse with sports lounge.
Dougherty Secured Loan for New Brighton Community
The company closed a $1.6 million Fannie Mae loan for a two-building multifamily property in New Brighton, Minn. The community was 99.1 percent occupied as of March.
Central Florida Community Trades for $24M
Dominium has renamed its new acquisition Della Vita Apartments and plans significant upgrades to the property, which is located in Winter Haven, Fla.
Electra America Adds New EVP
Stacey Bondar joined the company as executive vice president of asset management. She will be responsible for overseeing the property management teams of the company’s 70 multifamily communities.
Sunrise to Helm Lease-Up at Luxury SoCal Community
Located east of San Diego in El Centro, Calif., the project will comprise 242 units developed in three phases. Leasing of the 84-unit, $12 million first phase is underway.
Dougherty Secures $15M HUD Loan for Ohio Community
Olive Branch Townhomes, a 176-unit affordable housing property in Batavia, Ohio, will benefit from the refinancing. Dominium Development & Acquisition is the sponsor of the project.
Olympus Grows Southeast Footprint with GA Purchase
The asset is located in the highly sought-after Savannah Quarters submarket, offering access to retail, shopping and dining, as well as proximity to employers to employers such as Gulfstream Aerospace Corp..
Harlem 125 All Set for Opening
The newly developed residential building features studios and one-, two- and three-bedroom units designed to immortalize the spirit of Harlem through top-notch visual elements.
Gelt Launches Happy Home Communities, Names Director
Ellie Davis will spearhead the new business venture. HHC has already made its first value-added acquisition, a nine-acre mobile home park in Bakersfield, Calif.