Finance & Investment
Facebook Commits $150M to Bay Area Affordable Housing
The company is targeting 2026 to complete distribution of the fund, which is expected to support the creation of at least 2,000 affordable units.
MG Properties Group Pays $191M for Seattle-Area Community
The 451-unit Class A apartment building in Bellevue, Wash., was completed in 2015.
Spruce Properties Expands to Iowa with $57M Portfolio Buy
The six communities comprising some 500 units are scattered across suburban Des Moines, in Ankery, Waukee and Polk City.
Cushman & Wakefield Arranges Sale of Alabama Apartments
Managing Director Craig Hey and Director Andrew Brown represented The Legacy Cos. in its disposition of a 200-unit property in Montgomery.
Cityview Scores Funding for $125M Los Angeles Project
The opportunity zone development, which will start construction this month, will feature 296 apartment units and retail space.
Wildhorn Capital Buys 264-Unit Community
CBRE originated a $24.4 million Freddie Mac acquisition loan for the new owner.
Lending in the Build-to-Rent Single-Family Market: Q&A
John Hutchinson, Trez Capital’s president for the central and southwestern regions, on providing financial solutions for the booming sector.
Transwestern Closes 2 Maryland Sales Worth $96M
Both are value-add properties in the suburban towns of Glen Burnie and Silver Spring, Md.
Turner Impact Capital Closes $1.3B Housing Fund
Armed with more than $350 million of committed capital, the vehicle aims to acquire and manage as many as 10,000 affordable workforce units.
New Hampshire Assisted Living Properties Get $24M Refi
Greystone provided HUD financing for the three senior care communities located in Manchester, Nashua and Bedford.