Finance & Investment
New York’s Multifamily Sales Took a Summer Dive
Though August was the weakest month of 2016 in terms of total transactions value, experts predict a strong end-of-year for the Big Apple multifamily market.
Marcus & Millichap Arranges Sale of Senior Housing Asset
The property was renovated in 2012 and has a historic occupancy of at least 90 percent.
Nonprofit Sponsors Affordable Housing Community Reno
Real estate nonprofit NHP Foundation and its partners are completing an $8 million renovation to preserve Ships’ Cove Apartments in Fall River, Mass.
Mack-Cali Lands $73M Loan for Boston Luxury Community
Citizens Bank arranged the loan for Roseland, a subsidiary of Mack-Cali Realty Corp., to finance construction of its latest project in East Boston.
Meet Bell Partners’ New SVP
John Maurer will be responsible for asset and portfolio management, as well as institutional investor relations.
Greystar, Credicorp Close Chilean Fund
The joint venture will target the development of high-quality assets in overlooked areas.
HFF Leads $13M Sale of Philly Apartments
Lennox Apartments, a 156-unit apartment community in Mount Airy, sold to a private New York-based group.
Capital One Wraps $51M Refi in DC Metro
Sponsor will repay construction loan on Fenwick Apartments, a 310-unit, D.C.-area development that opened in 2014 and combines affordable and market-rate housing.
Capstone Closes $15M Refi on 362-Unit Louisville Community
The owners of the property decided to refinance the existing debt plus the significant renovations it made to the property.
29SC Taps Stonemark to Manage Houston Community
The new owner plans to rebrand the community as Barringer Square Apartment and invest $2 million in renovations.