Finance & Investment
A Private Lender’s View on Multifamily Opportunities
Ray Cleeman, head of capital markets at Pensam, on why the company’s longstanding approach is still a good fit for a changed economic climate.
Atlanta Single-Family Rental Portfolio Sells for $134M
Haven Realty Capital and Walton Street Capital LLC teamed up to acquire the six communities from developer ResiBuilt Homes.
JV Acquires Portland-Area Community for $12M
Jordan Carter, Tyler Linn, Clay Newton and John DeJager of Kidder Matthews represented the buyer.
Minnesota Affordable Property Gets $42M Refi
Aeon, Community Development Trust and Minnesota Housing closed the financing for a 422-unit community located within a few miles of Minneapolis-St. Paul International Airport.
NIC’s 2020 Fall Conference Highlights
The event’s three days covered a broad range of topics, from the pandemic’s impact on design to the forgotten middle market.
Kushner Acquires Richmond-Area Portfolio in $113M Deal
The three-asset portfolio last changed ownership in 2016 for $68.5 million.
Electra Capital Provides $92M Loan for Florida Luxury Community
The financing will enable Elevate Partners to lease up its newly built multifamily tower in Fort Lauderdale.
Coral Rock Scores $54M Loan for Miami-Area Project
The construction financing will help bring 260 residential units to Pura Vida Hialeah, a nine-acre mixed-use development.
BLDG Management Lands $289M Loan for Manhattan Tower
The owner secured the loan for its 429-unit, partially affordable apartment community in Midtown.
Charles Street Investment Partners Scores $33M Construction Loan
The borrower secured the loan to build a 161-unit apartment community in Pittsburgh, Pa.