Finance & Investment
New Plan for Fannie, Freddie Threads the Needle
What’s next for the GSEs: Yardi Matrix Research Director Paul Fiorilla assesses a major agreement.
Trammell Crow Residential to Begin Construction on Boston-Area Project
The 282-unit Alexan Kingston community will replace the shuttered Sears department store at Kingston Collection Mall.
Berkadia Acquires Apartment Brokerage Moran & Co.
Veteran dealmaker Mary Ann King will head up Berkadia’s new platform and help oversee the integration of Moran’s 31-member team.
Luxury New Jersey Community Trades in $84M Deal
Former owner J.P. Morgan Asset Management purchased the 200-unit asset in 2003 from its developer, in a $42 million deal.
Urban Catalyst Closes $131M OZ Fund
The funds will go towards seven projects in San Jose, Calif., which are expected to start construction in 2021 and 2022.
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.