Finance & Investment
Gelt Pays $156M for Southern California Community
Walker & Dunlop provided a $91.3 million acquisition loan.
Carter Multifamily Lands $318M Portfolio Loan
JP Morgan Chase Bank provided the CMBS financing.
Capital Square 1031 Acquires Jacksonville Community for $127M
Standing 10 stories, the property was completed last year.
Indianapolis Community Lands $43M Refi
Lument provided the loan for the garden-style community.
Blackstone’s $3.7B REIT Buy Boosts Multifamily Drive
Deals announced in the past month alone will add 23,000-plus units to the firm’s holdings.
Multifamily Market Polarized by Renter Incomes
During a Harvard Joint Center for Housing Studies webinar, experts discussed policies that would help expand supply.
Fairmont Management Sells Orange County Asset for $37M
The company invested $2.3 million in upgrades prior to the sale.
Nelson Management Group Expands NYC Portfolio
The company intends to upgrade the 357-unit workforce housing property in The Bronx.
FCP Sells Virginia Community for $106M
More than $1.2 million in upgrades had been made in recent years.
Quinn Residences Starts Southeast Growth Spurt
The company purchased six properties under construction.