Cities
Priderock Acquires $154M AZ Portfolio
IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa.
KeyBank Secures Construction Loan for Affordable Housing in Austin
The community will include 302 units and will be developed by a public-private partnership between The NRP Group and Strategic Housing Finance Corp. of Austin County.
JV Completes Second Phase of Texas Student Housing
Following the opening of the first phase of Northside, which serves students attending the University of Texas at Dallas, Balfour Beatty Campus Solutions added 900 beds to the mixed-use community.
Dougherty Mortgage Provides Fannie Mae Loan for Dallas Asset
A private investor purchased a 116-unit market-rate community in southwest suburban Dallas, taking a $7.3 million loan to fund the acquisition.
NYC Condos Get $45M for Historic Restoration
CIT Group’s Real Estate Finance division arranged the loan for developer Knightsbridge Properties. The Tribeca luxury building includes 13 units.
Seattle-Area Community Lands Refi
Hunt Real Estate Capital originated funding through Freddie Mac’s Small Balance Loan program to refinance the Lynnwood asset.
Luxury Miami Tower Lands $138M Financing
Walker & Dunlop arranged the construction loan on behalf of the developer, Two Roads Development. The 100-unit Elysee broke ground in 2017 and is scheduled for completion by 2020.
SoCal Community Changes Hands
Prism Multifamily funded the acquisition of the 121-unit Class A Latitude 33 in Palm Springs with a $10.8 million loan originated by Walker & Dunlop.
Greystone Provides Freddie Mac Loan for Affordable KC Asset
Keith Hires, managing director in Greystone’s Atlanta office, obtained the acquisition loan for Alcazar Apartments, a 142-unit community in the southern part of the city.
DC Apartment Community Trades for $42M
The new owner, Urban Investment Partners, is planning to implement a $1 million capital improvements plan to upgrade and renovate the asset located at 3333 Wisconsin Ave.