Finance & Investment
Standard Communities Buys Chicago-Area Affordable Asset
The transaction’s total capitalization amounted to roughly $75 million.
JV Capitalizes $200M NYC Development
MAG Partners and Safanad partnered with Global Holdings on the capitalization of 300 East 50th Street.
Ashley Development, Black Bear Wrap $36M PA Deal
The sale set a record price per residential unit in Pennsylvania’s Lehigh Valley.
Naftali Group Secures $236M Construction Loan for UES Condos
The New York City-based developer will offer 62 luxury residences at its new 36-story tower on E. 77th St.
Westside Capital Sells 240-Unit Tampa Asset
The property last traded in 2019 for $21.3 million.
Passco Buys 278-Unit St. Louis Community
KeyBank originated a $33.7 million Fannie Mae loan for the acquisition.
Woda Cooper Opens Affordable Senior Housing Community
Haven Crossing serves residents age 55 and over in the Cincinnati area.
Jonathan Rose Cos. Acquires San Jose Community
The new owner signed an agreement to make the 331-unit apartment complex affordable.
Trademark, SCOA to Develop 321-Unit Fort Worth Community
First United Bank provided $61 million in construction financing for the project.
ECI Group Sells 318-Unit Houston Property
Mosaic Residential has acquired the community.