Finance & Investment
Raising Capital for Housing for American Indian Tribes
Hunt Capital Partners, and other companies, and investing in this important niche in housing. Columnist Lew Sichelman explores their challenges.
Covenant Capital Lands $45M Refi for Tampa-Area Community
JLL Capital Markets arranged the Freddie Mac loan for the 464-unit property in Lakeland, Fla.
Marcus & Millichap Arranges $28M Seattle-Area Sale
Senior Vice President of Investments Timothy Ufkes and Associate Evan McLeod represented the seller and procured the buyer.
PENLER Pays $48M for Southwest Florida Community
NorthMarq originated nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.
Berkadia Arranges $23M Refi for Florida Student Housing
Managing Director Brad Williamson secured the loan on behalf of Seminole Boosters, the fundraising arm of Florida State University Athletics.
Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
East Phoenix Community Trades for $15M
Greystone provided a fixed-rate $10.8 million Fannie Mae loan for the acquisition.
Aimco Spins Off $10.4B ‘Pure’ Investment Entity
The new company, Apartment Income REIT, will benefit from low financial leverage and limited execution risk.
JLL Secures $17M Refi for Atlanta-Area Community
Directors Jesse Wright and Ware Shipman arranged the loan on behalf of Asia Capital Real Estate.
Passco Cos. Pays $78M for South Carolina Property
Southeastern Co. sold the 330-unit community in Bluffton. The new owner retained Greystar as property manager.