Finance & Investment
How Sacramento Benefits from the Bay Area Exodus: Q&A
Graceada Partners’ Joe Muratore unveils what makes Sacramento an appealing market to invest in during an economic downturn.
Cortland Acquires Phoenix Community for $117M
StreetLights Residential and Nexpoint Advisors sold the 253-unit asset, with CBRE representing the seller.
Bridge Investment Sells Phoenix Apartments for $118M
The new owner received a 10-year, $79.3 million Freddie Mac acquisition loan from Prudential Financial.
MAG Partners Secures $173M Construction Loan for Manhattan Property
The financing was provided by Madison Realty Capital and will fund the development of a 480-unit mixed-income project.
Fortis Property Group Lands $163M Brooklyn Project Loan
The developer paid more than $91 million in 2018 for the 1-acre site in DUMBO.
Pretium, Ares Management Forge $2.4B SFR Deal
The acquisition of Front Yard Residential Corp. will boost Pretium’s single-family rental portfolio to more than 55,000 homes.
NMHC/InterFace Student Housing 2020: The Long Road to Recovery
Speakers including American Campus Communities CEO Bill Bayless share a positive outlook for the sector amid the uncertainties caused by the pandemic.
Berkadia Facilitates $35M Phoenix Sale
Ric Holway, Mark Forrester and Dan Cheyne represented the seller of the 138-unit property completed in 2018.
United Group Lands $32M for South Florida Senior Development
The developer aims to deliver the 182-unit community’s first apartments in the third quarter of 2021.
Belveron Partners Acquires 194-Property Portfolio
The controlling interest in Conifer Realty gives the investment firm ownership of more than 15,000 affordable housing units in New York and New Jersey.