Cities
Silicon Valley Community Sells for $17M
A Northern California-based development company sold the property to a private investor. The 32-unit community is situated in Palo Alto, Calif.
DC-Area Community Gets $78M Refi Loan
PGIM Real Estate provided the 35-year, fixed-rate FHA loan to Bonaventure Realty Group for The Encore Apartments in Alexandria, Va.
29SC Expands Denver Portfolio
The company acquired the asset for an undisclosed price and plans to invest more than $1.6 million for capital improvements.
Demand Keeps Up With Surging Supply in Tampa
A tax-friendly environment and a high quality of life continue to attract new residents and businesses to the metro, maintaining multifamily rent growth above the U.S. average.
Olympus Property Buys Houston-Area Community
The company has renamed the 341-unit property Olympus Sierra Pines. Built in 2014 by Alliance Residential, the property is part of the Woodlands master-planned community.
In Case You Missed It: MHN’s Top 5 Posts in November
Miss any of our articles? Catch up with five of our most popular posts for the month.
FPA Expands San Antonio Portfolio
The Irvine, Calif.-based company acquired The Grand Estates at TPC, a 408-unit community located in the northern area of the city, close to multiple shopping centers.
Greystone Arranges $92M for PA Acquisition
The firm worked on behalf of a private buyer to secure the Freddie Mac loan for the acquisition of Lincoln Green, a 636-unit property in Philadelphia.
NY Nursing Facilities Get $100M in Financing
Greystone provided the refinancing loans for two skilled nursing facilities in the Bronx and Buffalo, N.Y. The borrower was Centers Health Care.
Interra Realty Brokers Sale of Vintage Chicago Community
An affiliate of LEM Equities paid $2.9 million for the mixed-use building. The deal resulted in one of the highest per-unit prices in the Bucktown neighborhood.