Finance & Investment
Champion Buys Los Angeles Student Housing Asset for $14M
The new owner intends to implement capital improvement programs at the 102-bed property.
New Fed Rate Cut Adds Balance to Mixed Outlook
With the central bank lowering its benchmark close to zero, multifamily enters a new late-cycle chapter.
RCP Cos. JV Lands $52M Loan for Alabama OZ Project
Walker & Dunlop arranged the construction financing for a 278-unit multifamily development in Huntsville.
Nitya Capital Pays $36M for Las Vegas Community
The recently renovated, 228-unit community last changed hands in 2018 for $24 million.
Single-Family Rental Homes See Diminishing Returns
The investment class performed well in certain Sunbelt counties but poorly in New York City and California, according to a new report by ATTOM Data Solutions.
Hamilton Zanze Grows Tennessee Portfolio
The purchase, a newly built 238-unit luxury community, is the firm’s sixth in the state.
Chestnut Hill Realty Lands $211M for Boston-Area Community
The loan will be used to refinance its 789-unit townhome community just west of downtown.
IDM Cos. Lands $49M for Phoenix Development
The developer plans to soon begin work on the 458-unit community within the 1,200-acre Algodon Center.
Levin Johnston Brokers Bay Area Value-Add Sale
Adam Levin and Robert Johnston arranged the acquisition of the Berkeley, Calif., property through a 1031 exchange.
JV Retires $155M Loan for Luxury Miami Beach Property
The financing was issued in September 2017 to the developers of Eighty Seven Park in the North Beach neighborhood.