Cities
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.
CIM Group Completes 2 LA Communities
CIM Group has finished the development of a 50-unit development in Silver Lake near East Hollywood. The firm also delivered Elevate, the second phase of a three-phase development in West Los Angeles.
Las Vegas Multifamily Report – Summer 2019
The metro’s affordability advantage, particularly compared to coastal California markets, adds to Las Vegas’ economic gains.
Washington, DC-Area Opportunity Zone Project Gets $65M Loan
HFF arranged the financing for The Stella, a 282-unit transit-oriented community, part of Urban Atlantic’s 34-acre master plan in New Carrollton, Md.