Cities
First-of-Its-Kind Miami Community Gets $19M in Financing
Nonprofit Casa Familia and developer Atlantic | Pacific Communities got the green light to start working on Miami-Dade County’s first affordable housing community for adult residents with intellectual and developmental disabilities.
Bascom Sells 252-Unit Houston Asset
Newmark Knight Frank originated a $23.8 million, 10-year Freddie Mac loan on behalf of the buyer to finance the acquisition of Sierra at Fall Creek.
KW Property Management & Consulting Names SVP
Zuly Maribona has been with the Miami-based company since 2008. In her new role, she will help guide expansions in Orlando, Tampa and Jacksonville, Fla.
Holland Partners Sells Downtown LA Towers for $403M
Daydream Apartments has scooped up the pair of newly built, luxury apartment buildings, The Grace at Spring and The Griffin at Spring, which total 575 units.
Jacksonville Community Changes Hands for $22M
KCB Management sold the 256-unit property for more than double the price it traded for in 2013. Berkadia originated more than $17 million in acquisition financing.
JV Pays $27M for San Antonio Portfolio
SKW Funding and Bain Capital Credit teamed up to purchase the four multifamily properties. The transaction is part of a plan to acquire $500 million worth of distressed notes over the next two to three years.
JV Acquires Houston Rental Property
Excelsa Properties and GoldCor Capital Partners purchased the 392-unit community, Bayou Parc at Oak Forest, as part of a $86 million value-add strategy.
Denver Multifamily Report – Summer 2019
Demand remained strong in the first five months of 2019, bolstered by population growth and employment gains, especially in high-paying professional services.
Affordability Solutions: Lessons from Denver
NMHC President Doug Bibby on an innovative pilot program that brings public and private stakeholders together to provide reasonably priced workforce housing.
Timberland Partners JV Open 243-Unit Community in Minneapolis
The development is part of the company’s Green Fourth project, which aims to reduce pollution. G4 includes 66 affordable units.