Cities
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
Los Angeles Multifamily Report – Spring 2019
A spate of new supply over the past three years has put a damper on rent growth, which nonetheless remains above the national average.
Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.
Laurel Street Residential Expands Charlotte Footprint
Bellwether Enterprise provided the buyer of the 98-unit multifamily asset with more than $6 million in acquisition financing through Fannie Mae.
ACI Facilitates Sale of Sacramento Property
Senior Associate Doug Taber brokered the $4 million sale on behalf of the seller. The buyer was self-represented in the deal.
Welltower Acquires San Antonio Senior Living Portfolio
The two luxury properties, totaling 335 units and offering independent living, assisted living and memory care services, have been rebranded together as Discovery Village at Dominion.
Madera Cos. Sells Houston Property
The 342-unit Park at Clear Lake last traded in 2015. Keener Investments took out a $23.5 million loan from Värde Partners to finance the acquisition.
Wood Partners Opens NC Luxury Property
The developer broke ground on the nearly 300-unit project in 2017, financing construction through a $34 million loan from TD Bank.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in March 2019 in New York City.
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.