Cities
Charlotte Affordable Housing Property Underway
Developed by the NRP Group, Platform Lofts is one of the first affordable housing communities located on a new extension of the city’s light-rail system.
Raleigh-Durham Multifamily Report – Spring 2019
The metro’s multifamily market is on the upswing, boosted by favorable demographic trends and a diversifying economy.
Equity Residential Buys DC-Area Apartment Community
HFF marketed the property in Rockville, Md., on behalf of the seller, a partnership of Hanover Co. and Berkshire Residential Investments.
Berkadia Closes 2 Deals Totaling $100M
The brokerage originated a $31.7 million construction loan through HUD for a 232-unit community in Florida and sold a 414-residence townhome property for $68.9 million in Virginia.
Affordable Houston Community Reopens Following Rehab
Dominium completed a $7 million interior and exterior overhaul at Quail Chase, a 248-unit development in the northern part of the metro.
2 Phoenix-Area Developments Secure $54M Financing
PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz.
JV Lands $54M Refi for Connecticut Portfolio
CBRE’s Debt & Structured Finance group arranged the financing, which was provided by Thorofare Capital, to retire the original senior construction loan for Berkeley at Waypointe and Quincy Lofts, located in Norwalk.
New England Portfolio Secures $164M Refi
The 14 communities adding up to 1,620 units are spread across Greater Boston and suburban New Hampshire. PGIM Real Estate Finance originated the Fannie Mae loan.
Boston Multifamily Report – Spring 2019
Considering the 8,250 units slated to come online in 2019, which would mark a new development cycle high, rent growth is expected to moderate slightly, to 2.7 percent for the year.
Luxury Community Opens in Downtown KC
Copaken Brooks and Altus Properties have finished work on Arterra, a 126-unit property in the Crossroads Arts District. The 12-story building includes 1,800 square feet of retail space.