Finance & Investment
Westport Properties Expands Central Florida Portfolio
The recently completed self storage facility west of Orlando sold for nearly $10 million.
Social Impact Investors Target Naturally Occurring Affordable Housing
Through “quick strike” funds, impact-minded sponsors are competing with value-add investors that purchase older properties with the goal of raising rents.
Quinlan Kicks Off 17-Story Mixed-Income Brooklyn Project
CIT Group provided a $35.7 million construction loan, with Hines contributing mezzanine financing.
Out-of-State Investor Pays $55M for Luxury Los Angeles Asset
Converted from a condominium community mid-pandemic, the property traded for roughly $900,000 per unit.
New Scottsdale Self Storage Asset Lands $22M Refi
The Phoenix-area property, which came online last fall, is in its lease-up phase.
Howard Hughes Corp. Secures $83M Loan for Maryland Apartments
The community in Columbia, Md., will be part of a 14 million-square-foot master-planned development called Merriweather District.
Havenpark Capital Partners Pays $71M for Minnesota Manufactured Homes
The two mobile home communities, totaling more than 1,000 sites, are located in the Minneapolis area.
Fortress Investment Group Pays $64M for Florida Senior Portfolio
The deal is in alignment with the seller’s strategy of exiting the senior market.
JLL Income Property Trust Buys Boston Luxury Apartments
The REIT acquired the 192-unit community in the suburb of North Andover.
Fore Property Co. JV Sells High-End Portland Community
JLL Capital Markets assisted the partnership in selling the asset two years after completion.