Cities
Luxury Community Opens in LA
Strategic Legacy Investment Group’s development is located in the Ladera Heights neighborhood, about 4 miles from Los Angeles International Airport and 13 miles from the city’s downtown.
San Antonio-Area Community Lands Refi
Constructed in 1974, the 333-unit property in Universal City is located less than 20 miles from the metro’s core. JLL Capital Markets represented the owner.
Denver-Area Student Housing Lands $64M Freddie Mac Loan
KeyBank Real Estate Capital arranged the financing for an 899-bed property at Colorado State University in Fort Collins, Colo.
Greystone Provides $58M Bridge Loan for San Antonio Property
The financing will enable the borrower, DeBartolo Development, to pay off the initial construction loan and preferred equity for Infinity at the Rim.
Knoxville Multifamily Report – Winter 2019
Knoxville’s multifamily market is showing signs of growth as the cycle stretches further. Slow construction activity and healthy demand are putting upward pressure on occupancy and rents.
Mitsui Fudosan, ZOM Living Break Ground on MD Community
The joint venture has launched construction of Maizon Bethesda, a transit-oriented development with 229 apartment units in Bethesda.
Bascom Arizona Ventures Acquires Tempe Community for $89M
Tempo at McClintock Station offers 423 units, as well as access to a fitness center and two swimming pools. The property will be managed by MEB Management Services.
TruAmerica Multifamily Sells Suburban Seattle Community
The buyer of the 249-unit Class B asset funded the acquisition with a $30 million Freddie Mac loan originated by CBRE.
Newcastle Pays $86M for Chicago Property
Seeking an acquisition in a neighborhood wedged between two of Chicago’s hottest enclaves, Newcastle Ltd. has acquired 504 and 505 N. Green Street, an apartment community in the River West district.
Suburban Indy Community Changes Hands
The buyer, Muesing Management, secured more than $7 million in short-term financing from Merchants Bank of Indiana to fund the acquisition.