Finance & Investment
Sun Communities Buys Southern California MHC for $18M
HARRI5 brokered the sale of Bel Air Estates, an over 55 community in Menifee.
Vesper Holdings JV Pays $21M for Tampa Student Asset
The 444-bed property is serving the students at the University of South Florida.
Morgan Properties Expands in North Carolina
A $7 million value-add strategy is planned for these newly acquired communities.
SurePoint Sells Houston Self Storage Asset
The 95,963-square-foot facility came online in 2020.
Sentinel Pays $68M for Suburban Houston Community
The Retreat at Cinco Ranch is a 268-unit garden-style community in Katy, Texas.
Kittle Property Group Lands $74M for Columbus-Area Affordable Community
KeyBank provided the financing for the 260-unit project, which is scheduled for delivery by September 2024.
The Growing Cost of Capital for Multifamily Development
Inflation, supply chain issues and Fed actions are creating financing challenges, but robust demand keeps multifamily sponsors enthusiastic.
TTI Capital Buys Dallas-Area Community
ACORE Capital provided a $73.4 million loan for the purchase.
CPC Mortgage Closes $106M Loan for Michigan Affordable Portfolio
The financing will be used to acquire and preserve more than 1,600 units across the state.