Finance & Investment
North Phoenix Community Trades for $24M
The new owner, Rise48 Equity, secured a non-recourse, variable interest rate loan which matures in 2031.
Starwood Sells Miami-Area Community for $64M
Praedium Group purchased the Class B community in Plantation, Fla., with Berkadia originating a Fannie Mae loan.
Neuberger Berman Arm Commits $320M to Workforce Housing
Almanac Realty Investors is banking on middle-market multifamily assets through the new partnership with Asia Capital Real Estate.
Milestone Group Acquires Washington, DC-Area Community
The firm now owns the majority interest in a 564-unit asset in Rockville, Md.
Heritage Equity Partners Secures Loan for Brooklyn Project
Madison Realty Capital provided the $53 million financing for construction of the 150-unit development in the South Park Slope neighborhood.
Investors Capital Group Pays $48M for Phoenix Asset
Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz.
EB Real Estate Buys South Dallas Community
Berkadia provided a 10-year, $17.3 million Freddie Mac loan for the 270-unit acquisition.
NorthMarq Arranges $70M JV Equity for Seattle Projects
The funds will go towards two opportunity zone developments totaling 556 units of affordable and workforce housing.
Champion Sells Suburban Nashville Community for $24M
The new owner received a 10-year, $14.3 million acquisition loan from Nationwide Life Insurance Co.
Pair of Oklahoma Manufactured Housing Communities Changes Hands
In separate transactions, two California-based investors acquired Big Bass Park in Checotah and Rolling Acres in Oklahoma City.