Cities
Honey Hill Apartments’ First Sale
The new ownership group plans to invest $3 million in capital improvements in the first 12-18 months.
Berkadia Lines Up $34M Refi for Richmond Asset
The firm worked on behalf of Stone Creek Apartments to arrange a HUD loan for the 264-unit property.
Wendover Housing Announces Affordable FL Community
Construction on the development will be completed in November 2017.
JV to Build $75M Denver-Area Luxury Community
The community, called Legacy on the Promenade, will feature 300 units within the Westminster Promenade.
Dougherty Mortgage Secures Refi for Arizona Community
The company has arranged a $2.7 million loan for the affordable apartment community located in the Tucson-area municipality of Green Valley, Ariz.
Princeton Enterprises Nabs Richmond-Area Community
Webster Court in Petersburg traded for roughly $18,750 per unit.
On the Market: 5 Interesting Listings for the Week of 1/4
This week’s listings include two contiguous waterfront properties on Florida’s Isle of Capri and a newly constructed community near Fresno’s High Speed Rail.
Morgan Develops Miami Luxury Community
JPMorgan Chase provided financing for Pearl Dadeland, the eight-story, 412-unit luxury building.
CDT, Millennia to Preserve KC Affordable Housing
The joint venture announced an equity investment in Kensington Heights Apartments, a 126-unit apartment building.