Cities
Arbor Realty Trust Hires New EVP, CTO
Howard Leiner has stepped up as the company’s newest executive, after occupying various technology positions with Goldman Sachs and Deutsche Bank.
NKF Closes $76M Sale of Luxury MD Property
Built in 2016, The James is situated in Annapolis, one of the region’s most desirable rental markets.
390-Unit Community Underway in Dallas
Jefferson East Branch will be developed in two phases in the suburban Farmers Branch. The first phase is slated for delivery in 2020.
JV Breaks Ground on FL Mixed-Use Development
Located in downtown Palm Bay, Aqua Apartments will comprise 320 units scheduled for occupancy in September 2019. Amenities will include a yoga lawn, pet park and resort-style pool.
Charlotte’s Job Gains Sustain Rent Growth
Robust demographic expansion and steady employment growth continue to spur demand for multifamily product in the metro.
Waterton Buys San Francisco-Area Community
The seller, Kennedy Wilson, earned nearly $65 million for the 260-unit multifamily asset, more than double the acquisition price in 2006.
National Property REIT Trades Jacksonville Community
Laguna Point Properties acquired the 204-unit Class B multifamily asset for nearly $25 million, financed with a $17.4 million acquisition loan.
Upscale Atlanta Senior Housing Project Receives Financing
SunTrust Bank provided $86 million in financing for a new luxury senior housing property that is being developed by Village Park Senior Living.
Ground Lease for LA-Area Property Changes Hands
A private investment group purchased the ground lease on a 138-unit multifamily community in Whittier, Calif. The Mogharebi Group represented both parties in the deal.
Tampa-Area Community Secures $12M Refi
Berkadia has arranged the refinancing of a 148-unit property located in Lakeland, Fla., on behalf of the borrower, Capital Pensam. The loan was secured through Freddie Mac.