Finance & Investment

Penzance Targets Metro Washington with $255M Fund

For its first private-equity fund, the investor-developer anticipates parlaying capital into a portfolio valued at $800 million to $1 billion

Market Rate

NM Development Grabs $35M in Financing

The Albuquerque City Council approved the metropolitan revenue bonds to fund the construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.

Market Rate

Detroit-Area Portfolio Sells for $20M

Coseo Properties offloaded the two communities, totaling 326 units, five years after acquiring them from the Slatkin Corp. for approximately $11.6 million.

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Regions

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LA Luxury Community Receives $25M Financing

Wilshire Skyline has received the loan for the acquisition of the newly developed The Line Lofts located in Hollywood, Calif.
Los Angeles 18 October 2018 20:09
Seattle Student Housing Receives $64M Construction Loan

The 24-story community will serve students attending the University of Washington, situated roughly 2 miles from the project. CapitalSource provided the 5-year term loan.
Seattle 18 October 2018 13:11
Resort-Style Community Changes Hands in San Antonio

Benimax purchased the 336-unit asset from Stone River Co., in a transaction subject to a $40 million Freddie Mac loan.
San Antonio 18 October 2018 12:55
Red Capital Group Expands Into San Francisco

The firm has tapped Patrick McAllister as its new director of multifamily originations, building up its presence in the Bay Area and Pacific Northwest.
San Francisco 18 October 2018 06:19
Brand Properties Sells Atlanta Portfolio for $133M

Blaze Partners acquired the two recently built communities, which comprise more than 600 luxury units in two of the metro’s booming submarkets.
Atlanta 17 October 2018 14:17
San Jose Luxury Community Trades for $104M

Republic Urban Properties sold the 2015-built, 218-unit asset located within a mile of downtown. HFF represented the seller and procured the buyer.
San Jose 17 October 2018 07:19
Why Mallory & Evans Likes Tier 2 University Markets

Brantley Basinger, director of development and acquisitions of the firm, reveals current strategy for success.
National 16 October 2018 18:38