Finance & Investment
Financing Measure Helps Completion of Seattle Multifamily Acquisition
Freddie Mac financing was provided for the acquisition of Yardhouse Apartments.
Greystone Provides $51M Financing for Nearly 1,000 Apartments in Texas
Greystone has arranged $51.6 million in Fannie Mae loans for InterCapital Group’s acquisition of The Parks at Treepoint and Post Oak Apartments.
Massive Bronx Multifamily Portfolio Sells for $140M
The deal is reportedly the largest portfolio sale in the borough since 2013.
Waterton Lands Charlotte Community for $51M
Waterton spent $51.9 million for 22 three-story buildings with 426 residences in Charlotte’s Mallard Creek submarket.
Slate, Adam America and Vanke Pay $116M for Lower East Side Site
Slate Property Group, Adam America Real Estate and Vanke Holdings USA paid $116 million to acquire 45 Rivington Street, and plan to convert it to luxury residential condominiums.
Suburban Raleigh-Durham Rental Building Sold for $41M
In a deal brokered by HFF, The Village at Marquee Station, a 265-unit apartment community located in Fuquay-Varina, changed hands for $41.5 million.
JV Buys Florida Senior Housing Portfoliofor $555M
The Aston Gardens portfolio encompasses private-pay, primarily independent living seniors housing properties totaling 1,930 units.
Overbuilding Casts Shadow on Seniors Housing Outlook
Professionals in the sector expect a slowdown.
Oak Coast Properties, BMC Investments Score Denver Apartments for $50.8M
Oak Coast is planning a $2.5 million renovation of the property, which is the first acquisition in a series of investments to meet its $300 million target for 2016.
Fannie Mae Financed $1.6B in Multifamily Small Loan Market in 2015
Of the loans, 90 percent supported affordable and workforce housing.