Cities
Could Opportunity Zones Impact Residential Condo Developments?
One Nashville real estate investor and developer said the unintended consequence of Opportunity Zones in the rapidly growing city could mean a further constraint on the condo market, particularly in the downtown core.
Upscale Boston-Area Community Breaks Ground
Developed by The NRP Group with construction financing from Capital One Financial Corp., the 145-unit property is situated directly across from Revere Beach on the Atlantic Ocean in the city of Revere.
Walker & Dunlop Arranges $16M Loan for Affordable CA Asset
Bridge Housing is building a 68-unit property in San Mateo, dubbed Bay Meadows Apartments, that is scheduled for completion in June 2020.
Continental Realty Buys Vegas Community
The buyer financed the purchase of the 63-unit Class A asset with a $9 million Freddie Mac acquisition loan originated by HFF.
Holland Partner Group Wraps Up 2 LA Towers
Designed by MVE + Partners, the pair of multifamily high-rises encompasses 575 luxury residential units, part of the downtown area’s boom in housing supply.
372-Unit Dallas Community Commands $53M
The sale marked the fourth acquisition for BSR Real Estate Investment Trust in under a year, bringing the entity’s portfolio to a total of 51 multifamily assets.
Standing Out in Orange County
Western National Property Management’s Scott Wickman shares his insights on the role of Instagram, tech and communication in a successful property management strategy.
FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.
Recently Completed Dallas Community Trades
California-based trust Porgest Properties acquired Digit 1919 in the Cedars neighborhood. The first residents moved into the 102-unit property in late 2017.
Greystone Refinances MI Multifamily Asset
The $11.3 million Fannie Mae loan features a 10-year term and 30-year amortization period. The property is Ranches of Rosebrook in Ypsilanti.