Finance & Investment
Gelt Expands Los Angeles Footprint With $76M Buy
The new owner will implement a three-year, $5 million capital improvement plan at the property.
CenterBridge, Merit Hill Capital Land $170M for Storage Portfolio
Bank of America provided the loan for 33 properties.
Fannie Mae Pilots ‘Positive-Only’ Rent Payment Reporting Program
The program will enable participating multifamily owners to help renters establish credit histories.
Financing Affordable Senior Housing Gets More Challenging
From ever-changing and higher construction costs to lower tax credit prices and high interest rates, developers are negotiating a new and trying environment.
Teakwood Real Estate Partners Buys Phoenix-Area Facility
Westport Properties will manage and operate the facility under the US Storage Centers brand.
Berkadia’s Head of Production on Multifamily’s Resilience…So Far
Ernie Katai discusses shifts in borrowers’ needs and useful tools to navigate uncertain times.
Hamilton Zanze Closes Record-Breaking $111M Colorado Buy
The firm will execute a capital improvements plan at Springs at Foothill Farm that will include building, amenity and green upgrades.
ACG, Canyon Partners Land $61M Refi for Seattle Community
Cushman & Wakefield arranged the loan for the 239-unit property.
San Diego Project Lands $27M Construction Financing
JLL Capital Markets secured two loans for the 61-unit property.