Finance & Investment
UMH Properties Acquires 1st Alabama Asset
The REIT will implement a turnaround strategy at the 195-homesite community in Dothan and infill the property with rental homes.
Tampa-Area Community Trades for $55M
GMC Properties has sold the property to a fund managed by Covenant Capital Group.
Fairstead Buys Jacksonville Asset for $15M
The seller provided the new owner of the 149-unit community with $11.1 million in acquisition debt.
Nashville Community Receives $22M Freddie Mac Refi
The note replaces a $21.7 million acquisition loan provided by Greystone in 2019.
Denver-Area Community Changes Hands for $77M
The developers broke local price records with the sale of the recently completed, 256-unit asset in Longmont, Colo.
Suburban Boston Storage Facility Trades for $25M
Nassau CorAmerica originated a $15.7 million loan for the acquisition of the 970-unit property in Needham.
Fountain Residential Scores $23M Financing for Student Housing Project
The development team includes Stuart Roosth Architects, Looney Ricks Kiss, Kimley-Horn and Sherman Construction.
OZ Impact Funds Spends $100M on MHC Portfolio
The deal comprises 21 communities located in Wisconsin, Nebraska, Illinois, Indiana and Kentucky.
Kiser Group Arranges Suburban Chicago Sale
Matt Halper, Danny Mantis and Lee Kiser represented both parties in the 80-unit transaction in Lockport, Ill.
Douglaston Lands Financing for $94M Bronx Project
The 188-unit affordable senior housing development will rise near the New York Botanical Garden.