Cities
Hines JV to Build 2.5 MSF North Carolina Project
Along with co-developers Columbia Development Group and USAA Real Estate, the firm is building Fenton, a 92-acre mixed-use project in the Raleigh-Durham area.
TruAmerica, Blackstone Buy 608-Unit Portfolio for $97M
For their second deal since forming a joint venture last year, the partners picked up a 368-unit community in central Las Vegas for $58 million, along with a 240-unit asset west of Atlanta.
GVA Real Estate Group Acquires San Antonio Community
JLL represented the seller in its disposition of the 170-unit Victorian Village. The buyer took out an undisclosed loan for the purchase from MF1, set to mature in 2022.
Silverstone Breaks Ground on $75M NoVa Senior Community
The company will bring 124 assisted living and 30 memory care units to Metro West, a mixed-use, transit-oriented development in Fairfax County.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.
CBRE Arranges Acquisition Loan for Austin Student Housing
The 135-unit student housing community features a mix of studios to four-bedroom units. The property serves students attending the University of Texas.
Atlanta Multifamily Portfolio Trades for $105M
In separate deals, McDowell Properties and Vukota Capital Management each purchased portions of the three-property portfolio in Newnan, Ga., from RADCO Residential.
Washington, DC, Multifamily Report – Spring 2019
Despite a boost in development, absorption has kept up pace and the occupancy rate in stabilized properties inched up 20 basis points year-over-year, to 95.3 percent.