Cities
Capital One Secures $23M for Atlanta-Area Apartments
The company structured a $22.6 million Fannie Mae fixed-rate loan for The Parc at 1875, a 352-unit community in College Park, Ga.
Miami Asset Commands Record Per-Unit Price
Colliers International South Florida’s Gerard Yetming, Mika Mattingly, Mitash Kripalani and Julian Zuniga represented the seller in the deal and also procured the buyer. The sale price breaks down to $228,750 per unit.
Western Wealth Bullish on Phoenix, Adds 146 More Units
The Canadian firm has added another asset to its Phoenix portfolio. Connect on Union is situated near Loop 101 and was 95.9 percent occupied as of June 2018.
29th Street Capital Buys First SLC-Area Community
The company plans to invest approximately $10,000 per apartment to update Twin Trees Apartments’ 43 units and enhance the property’s exterior.
Goodman Real Estate Buys WA Property for $32M
Colliers brokered the sale of the apartment community, which encompasses 216 units in six buildings. The 1985-built property was recently renovated.
Bellwether Enterprise Selects New VP
Ilya Weinstein will oversee loan production for affordable housing properties throughout New York City and the northeastern U.S., bringing to this new role more than seven years of mortgage lending experience.
Atlantic | Pacific Cos. Expands GA Footprint
The Pointe at Preston Ridge in Alpharetta marks the firm’s 21st owned and managed community within the Atlanta metro, bringing its total to nearly 5,500 units.
Trammell Crow Breaks Ground on Metro Denver Mixed-Use Project
The Boulder development will include 250 market-rate apartments, 85 affordable units and retail space. A partnership between Allison Management and Koelbel and Co. will develop and own the affordable segment.
Delancey Street Associates Opens NYC Condos
The 55-unit building called 242 Broome is within the Essex Crossing development on Manhattan’s Lower East Side and includes a formal dining area, a children’s lounge and a furnished rooftop.
SunTrust Community Capital Provides $11M for DC Senior Housing
The 80-unit Abrams Hall Senior Apartments is the residential component of The Parks at Walter Reed, a 66-acre redevelopment of the former Walter Reed Army Medical Campus.