Cities
Atlanta Affordable Project Breaks Ground
Atlanta Neighborhood Development Partnership and Laurel Street Residential began construction on Creekside at Adamsville Place, which is part of the city’s recently launched housing affordability action plan.
Affordable Boston-Area Community Receives $82M Loan
MassHousing provided the financing to the Cambridge Housing Authority, which plans to renovate Millers River Apartments in Cambridge.
CBRE Arranges Sale, Financing of Affordable Virginia Asset
Governor’s Pointe in Chesapeake traded for $7.3 million. Jeff Kunitz and Peyton Cox acted on behalf of the seller, while Jim Flinn arranged a Fannie Mae loan for the buyer.
Resource Real Estate Purchases Virginia Community
Located in Alexandria, The Summit sits close to some of the area’s largest employers and the upcoming AmazonHQ2 in Crystal City.
The Praedium Group Acquires Phoenix-Area Property for $74M
Completed last year, the 306-unit Town Commons is located within the Gilbert Town Square mixed-use shopping center and is within walking distance of several retail and entertainment options.
3D Investments Sells Las Vegas Apartments
The buyer of the 180-unit Class C multifamily asset financed the deal with a nearly $14 million Freddie Mac acquisition loan.
Bronx Mixed-Use Development Receives $140M Financing
S3 Capital Partners has supplied construction capital for two 25-story towers that will offer a combination of apartments, hotel rooms and retail space in South Bronx’s Mott Haven enclave.
JV Acquires Metro Atlanta Community for $21M
The 240-unit asset is approximately 20 miles from downtown Atlanta. The new owners plan to reposition the multifamily property by implementing value-add upgrades.
2-State Portfolio Lands $125M Loan
Greystone originated the Fannie Mae financing for the 1,383-unit portfolio across Pennsylvania and Kentucky. As part of the recapitalization effort, Bayshore Properties has taken a 50 percent stake in the assets.
Affordable Project for LGBTQ Seniors to Rise in NYC
Haven Green, a 123-unit community in Little Italy, was approved by the city council after a battle over the fate of the development site, which is currently a one-acre park.