Finance & Investment
Midtown Nashville Project Lands $45M Loan
Regions Bank provided the financing for the developer’s first foray into the market.
Randolph Street Realty Capital Pays $25M for Chicago-Area Condos
Lawton Realty Group sold 185 apartments at Ashton Condominiums, a 240-unit community in Arlington Heights.
GSA Acquires 8,000-Bed US Student Housing Portfolio
The global giant picked up 27 properties from a joint venture of University Communities LLC and the California State Teachers Retirement Fund.
Houston-Area Self Storage Property Changes Hands
The buyer received a seven-year, $7.9 million acquisition loan from Texas Bank.
MG Properties Pays $145M for Phoenix Community
The 576-unit apartment building last changed hands three years ago for $85 million.
Mesa West on Staying the Course: Q&A
Mesa West Capital Vice President Brian Hirsh on the multifamily industry’s enduring appeal for the nonbank financing set.
Pretium, Ares Close $2.5B Acquisition of Front Yard Residential
The deal makes Pretium the second-largest owner and operator of single-family rentals in the U.S. and is the SFR industry’s first public-to-private transaction.
Aegis Living, Blue Moon Acquire $350M in Senior Housing
The firms predict a resurgence in demand for assisted living and memory care facilities after the sharp occupancy declines of last year.
Pacifica Cos. Pays $27M for Las Vegas Community
The firm acquired the 195-unit rental component of a 360-unit condominium property in Henderson.
Miami Community Lands $51M Freddie Mac Refi
The new financing package retires a $37 million loan that MUFG Bank provided in 2012.