Deals
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
Portland-Area Apartments Trade for $29M
Pathfinder Partners added to its multifamily value-add platform with the acquisition of a 132-unit community.
Affordable Nashville Community Trades for $9M
Hallmark Co. purchased the 112-unit multifamily asset in the metro’s Fairview submarket using more than $7 million in Fannie Mae financing from CBRE.
MLA Properties Buys Charlotte-Area Apartments
The company’s first investment in the metro includes 260 recently completed Class A units situated 15 miles southwest of the city center.
Middleburg Closes Workforce Housing Fund With Atlanta Portfolio Acquisition
The Virginia-based firm plans to invest a total of $91 million in the purchase and renovation of the three properties with nearly 1,000 units.
LA Community Changes Hands for $24M
Lion Real Estate Group purchased the 100-unit asset in 2015 for $15.5 million and sold it after renovating more than half of the property.
Blackstone Buys New Raleigh Apartments for $41M
Davis Development broke ground in 2017 on the 202-unit community and delivered it earlier this year, with the help of $38 million in construction financing.
Calvera Partners Expands Value-Add Portfolio
The company has acquired a vintage property in Alameda, Calif. The acquisition is part of its strategic investment plan to reposition old buildings.
Jacksonville Community Trades for $56M
Harbor Group International sold the 440-unit multifamily property. Walker & Dunlop originated a $41.4 million Freddie Mac loan for the new owner.
Citymark, InterCapital Sell Multifamily Assets Totaling $139M
The three properties, which are located in Phoenix, Atlanta and Las Vegas, were purchased in separate deals by Goodman Real Estate, Blackstone and LivCor.