Cities
Nonprofit Receives $27M for Affordable Senior Community
The 160-unit property located 16 miles south of Boston will undergo important upgrades, including $6 million in renovation works.
Trion Properties Purchases Bay Area Community for $21M
The deal marks the first time the property was made available for sale since being built in 1969.
Manhattan Multifamily Report – Summer 2020
The borough endured in the wake of shelter-in-place measures, with average rents outperforming nationwide trends.
Dasmen Residential Sells Charlotte Community for $48M
The new owner financed the acquisition of the 341-unit property with three loans totaling $42 million.
Pantzer Properties Buys Washington, DC-Area Community for $71M
Berkadia represented the seller in the disposition of the 304-unit Point at Palisades in Manassas Park, Va.
Affordable Suburban Nashville Community Gets $11M Refi
CBRE provided a 10-year, Freddie Mac note which retires a $4.5 million CMBS loan from 2017.
FirstService Grows Washington, DC Portfolio
The company will provide property management services to a 161-unit co-up building in the Adams Morgan neighborhood.
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
JV Lands $34M for New Jersey Affordable Luxury Project
Investors Bank originated the loan for the development of a 180-unit community in North Haledon.
Aspen Heights Expands Student Housing Portfolio
The company’s newest project will offer 752 beds to students attending Washington State University one mile away.