Deals
BLVD Capital Acquires $26M Affordable Housing Portfolio
The two affordable housing properties in Chicago contain more than 300 units and are located near major highways and public transportation options.
San Diego Affordable Community Breaks Ground
Affirmed Housing Group is developing Bluewater, an 80-unit affordable housing community that marks the firm’s third project in San Diego’s Grantville neighborhood.
Warm Springs Management Acquires Denver-Area Community
The 58-unit garden community traded for $10.8 million. The new owner financed the acquisition using a Freddie Mac conventional loan.
Broadtree Acquires GA Community for $51M
Broadtree seeks to grow its portfolio of apartment communities which have the potential to provide a steady income flow to shareholders.
WWC Expands Footprint in San Antonio
The investor acquired its third multifamily community in the metro. The community is located in northeast San Antonio, within a five-mile radius of approximately 133,500 jobs.
JV Restructures Partnership for Brooklyn Redevelopment
Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland’s ownership interest to 95 from 70 percent and decrease Forest City’s interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.
CBRE Closes Sale of Garden-Style MA Community
After the expiration of the original affordable restrictions, the 102-unit community in Stoughton, Mass.,underwent significant renovations, including landscaping and parking improvements.
Berkadia Arranges Fannie Mae Loan for Houston Community
Located at 10498 Fountain Lake Drive in Stafford, Texas, the property is a three-story garden-style community spread across a 13-acre site.
JV to Invest $550M in National Portfolio
Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.
Southeast FL Affordable Community Fetches $16M
The CBRE team of Senior Vice Presidents Timothy Flint and Richard Tarquinio worked on behalf of the seller in the transaction.