Cities
New Community Breaks Ground in Kansas City
A partnership of Copaken Brooks, CP Real Estate Capital and Burns & McDonnell has designed and is building Reverb, a 132-unit mixed-use project in the Crossroads Arts District.
Grandbridge Real Estate Arranges Refi for 132-Unit OH Property
Funded through one of Grandbridge’s insurance company correspondents, the $1.8 million loan closed with an interest rate of 5.01 percent.
Preiss Co., Nuveen Real Estate Buy NC Student Housing
The joint venture has acquired Signature 1505, a recently completed student housing community in Raleigh.
TruAmerica Expands in Georgia
The company teamed with Tokyu Land US Corp. to acquire two Atlanta communities in separate transactions totaling $127.35 million.
Industry Executives Launch New Multifamily Platform
Brian Metzler and Graham Carpenter have created PENLER, an investment firm that has committed enough capital to complete more than $800 million in development and acquisitions.
Queens Luxury Building Lands $116M Loan
The financing, provided by Benefit Street Partners Realty Trust, will be used to pay down debt and add new amenities to the building’s units, fitness center and lobby.
Sabal Capital Partners Closes $189M Portfolio
The properties total 880 units in New York City’s East Harlem neighborhood, marking the largest transaction in the history of Freddie Mac’s Small Balance Loan Program.
NYC Firm Launches Investment Platform
Hello Vision will provide financing for ground-up and renovation development projects, as well as invest in multiple asset categories.
Latch’s Smart Access Devices Expand Footprint
By mid-2019, UPS drivers in 10 additional cities will be able to enter multifamily communities and drop off packages in lobbies or package rooms.
Henley USA Enters Inland Empire Market
In a partnership with Tower 16 Capital Markets, the company purchased Hillside Village in San Bernardino Valley. The new owner intends to renovate the 80-unit property.