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Wells Fargo Refinances Manhattan Luxury Properties
The Gotham Organization received the permanent mortgage loans, totaling $184 million, for two upscale apartment buildings in Midtown West and Midtown South.
Executive Q&A: Takeouts, Investment Sales to Fuel Mortgage Market
While apartment fundamentals are strong, there are likely to be fewer refinancings in 2019 because many borrowers refinanced last year, according to PGIM Real Estate Finance’s Mike McRoberts.
Waypoint Residential Expands Development Pipeline
The company has six multifamily properties totaling more than $325 million in development or leasing stages—including two new brands—in the Northeast and West.
Texas Upscale Community Receives $28M Refi
The 249-unit luxury property in College Station was built in 2016 and is owned by a joint venture between Midway and Harrison Street.
Nuveen Real Estate Launches $550M Multifamily Fund
The new fund, which targets renters by choice, will focus on acquiring well-located multifamily rental properties with stable occupancies in top-tier cities.
Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.
Greystar, Partners Close on $450M Rental Housing Fund
The multifamily giant and investment partners APG Asset Management, Bouwinvest Real Estate Investors and Macquarie will focus on top-tier Chinese markets.
Miami Worldcenter’s 1st Tower Comes on Line
Nitin Motwani, managing principal at Miami Worldcenter Associates, speaks in depth about the milestone for the $4 billion project—one of the largest of its kind in the U.S.—located near the Brightline at MiamiCentral.
Greystone Provides $133M Loan for NYC Asset
The Fannie Mae loan will refinance a mixed-income property encompassing 571 units on the Staten Island North Shore waterfront.
Invesco Pays $150M for Boston Mixed-Use High-Rise
The Harlo Fenway features 212 apartments and access to amenities such as an 18th-floor sky deck, yoga terrace and dog spa, as well as ground-floor retail.