Deals
TODAY’S DEALS: Steadfast Adds $56M in Apartment Assets to Portfolio
Steadfast Income REIT acquires 633 units; ARA brokers a 271-unit sale in San Antonio; and Johnson Capital’s Denver office arranges a $10.8 million 35-year FHA permanent loan.
TODAY’S DEALS: Behringer Harvard Acquires Houston-area Apartment
Behringer Harvard completes a 240-unit buy in Sugar Land; AEW buys a Durham asset from a Greystar JV; and Meridian Capital negotiates financing for six multifamily properties in New York.
TODAY’S DEALS: Friedkin Buys a 374-Unit Illinois Asset
HFF brokers a Illinois sale for MEPT; Titan SenQuest acquires a Texas seniors housing asset; and Beech Street Capital closes a $10.5 million loan for a Utah acquisition.
MHN Interview: Financing Supportive Housing for Veterans
KayBank recently provided $5 million in Low Income Housing Credit to finance a supportive housing development for veterans called Cadence Square in Canandaigua, N.Y. MHN speaks to Kevin Nowak, national equity investment manager for Key Community Development Corp., a part of KayBank, about this transaction, as well as the importance of enhanced-use leases.
TODAY’S DEALS: MetLife Adds 300-Unit Asset to D.C.-Area Portfolio
MetLife buys a property in Lorton, Va.; Berkeley Point Capital closes a $25 million refinance for a property in North Carolina; and Delshah Capital Sells Stated Island Properties to The Arker Companies.
TODAY’S DEALS: Behringer Harvard Acquires Luxury Community
Behringer Havard buys a San Francisco asset; Crimson Holdings acquires a 40-unit property in the San Fernando Valley; and NorthMarq Capital arranges a $14.74 million Freddie Mac mortgage in 45 days.
TODAY’S DEALS: Harbor Group Sells 430-Unit Asset in Virginia Beach
ARA brokers a 430-unit sale; and Marcus & Millichap Capital Corp. arranges a $8.4 million refinancing for a mid-rise in Los Angeles.
TODAY’S DEALS: Passco Completes $28M Buy in Durham
Passco Companies buys a 280-unit asset; Centerline provides a $113.7 million refinance for a Northern California portfolio; and Walker & Dunlop closes loans for properties in the Mid-Atlantic.
TODAY’S DEALS: Cortland Partners Buys 1,037 Units in Texas and Florida
Cortland Properties completes three acquisitions totaling $130.3 million; SBV buys a 109-unit asset in Greensboro; and Cohen Financial secures more than $31 million for three multifamily properties.
TODAY’S DEALS: ARA Brokers Denver Sale for $27.8M
A 150-unit asset trades hands in Denver; The Canyon Catalyst Fund and Sack Properties form a joint venture investment partnership targeting Northern California value-add properties; and Cushman & Wakefield completes the sale of a redevelopment site in Montclair, N.J.