Deals
TODAY’S DEALS: Treetop Completes $60M Sale of 12-Building Portfolio In Northern Manhattan
Treetop Development unloads its portfolio of 12 mixed-use apartment buildings for $60 million; National Real Estate Advisors sells a 111-unit community in Quincy, Mass.; and NorthMarq Capital funds a $13.7 million acquisition loan.
TODAY’S DEALS: Walker & Dunlop Provides $278M Credit Facility
Walker & Dunlop secures a credit Facility for Milestone Apartment REIT; Greystone acquires a 228-unit asset in North Carolina; and Oak Grove Capital closes 13 loans totaling $123.4 million over the past month.
TODAY’S DEALS: Meridian Capital Arranges $58.6M in Acquisition Financing for Hi-Rise in New York on Behalf of Carmel Partners
Meridian Capital arranges a $58.6 million seven-year mortgage provided by a regional balance sheet lender; Miller-Valentine lands $12.8 million for an affordable Georgia development; and Champion completes its three-phase acquisition of a 304-unit property in Ohio.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.
TODAY’S DEALS: Toronto-Based Starlight Acquires Houston Apartments
Starlight U.S. Multi-Family Core Fund acquires a 257-unit asset in Houston; RED Capital Group provides $10.1 for the acquisition and rehab of a low income seniors housing asset; and Carroll Organization adds a multifamily asset to its Florida portfolio.
TODAY’S DEALS: Berkadia Arranges $146M for First Seniors Housing Early Index Lock Deal
Berkadia closes a first-ever seniors housing Early Index Lock transaction; Investor’s Bank closes 80 deals in 1Q14 with strong multifamily business; and Cohen Financial secures $16 million in equity for a condominium development in South Florida.
TODAY’S DEALS: Pacific Southwest Arranges $32M for Calif. Apartments
Pacific Southwest Realty Services secures $32 million for a 447-unit asset via a life company; NorthMarq Capital negotiates a $26.3 million student housing acquisition in West Virginia; and Centerline provides a $4.8- million FHA 223(f) loan to refinance an affordable housing property.
TODAY’S DEALS: MIG Snaps Up 168-Units in Denver
ARA brokers an apartment sale outside Denver; San Antonio Commercial Advisors completes a value-add transaction in San Antonio; and Bernard Financial arranges a $5.2 million loan.
ULI Spring 2014: Smart Moves for Smart Capital
While institutional capital isn’t necessarily known for its flexibility and innovation, an environment of accelerating change in business conditions has some companies adjusting their strategies for securing high yields while minimizing risk.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.