Finance & Investment

PGIM Real Estate Closes $460M Senior Housing Loan

The financing covers a portfolio deal of more than 1,500 units, including three properties in Seattle.

A rendering of the clubhouse at Katy Apartments in Katy, Texas, a 324-unit multifamily community with market-rate and income-restricted rental units, being developed by AMCAL Equities LLC.

HUD 221(d)(4) Financing Girds Workforce Housing Projects

This “consistent and stable” loan product is sustaining developers while some funding sources take a pause.

Multifamily Mezzanine Lenders Are Changing Course

Lenders wait in the wings as sponsors revamp strategies.

The Multifamily Mystery: Q&A With Freddie Mac’s Steve Guggenmos

The GSE’s vice president of research and modeling talks about the macroeconomy, COVID-19 and where the rental sector is heading.

Yard 8. Image via Google Street View

Transactions: October 2020

A short list of recent major investment sales and financings from coast to coast.

Join Us for the CPE-MHN 2020 Summit Series

Don’t miss lively, informative conversations on marketing strategies, development and design trends, and other vital topics. Register now for this complimentary event!

Image from Pixabay: https://pixabay.com/photos/architecture-family-house-front-yard-1836070/

Nuveen Enters Single-Family Rental Market

The global asset management firm will invest up to $400 million in the new Sparrow platform, which will acquire homes across the Sun Belt.

Jacksonville Community Trades in Value-Add Play

Creative Realty Partners sold the 216-unit suburban property after three years of ownership.

Portland-Area Apartments Sell for $48M

RISE Properties Trust acquired the 178-unit community in the metro’s western suburbs on the heels of several deals in the region earlier this year.

Cypress Real Estate Advisors JV Lands $67M Loan for Denver Development

Pacific Western Bank provided the construction financing for The Cameron, a 361-unit luxury project.