Finance & Investment
Gemdale Sells Suburban Los Angeles Community
A private investor picked up the 85-unit South Hills Apartments for $32 million.
Insula Cos. Obtains $22M Refi for North Orlando Community
Berkadia secured the financing for a 168-unit community in Altamonte Springs, Fla. In February 2019, the same brokerage company facilitated another $17.3 million loan for the property.
Levin Johnston Arranges Bay Area 1031 Exchange
Adam Levin and Robert Johnston facilitated the sale of an 18-unit community in San Jose, Calif., and the acquisition of a 15-unit asset in San Carlos, Calif.
Berkadia Arranges $26M Virginia Community Sale
The transaction marks the first time the 224-unit Regency at Longhill changed hands.
Kentucky Senior Community Lands $36M Refi
Bellwether Enterprise arranged the Fannie Mae first mortgage loan for the 167-unit property in Lexington.
Seattle-Area Community Scores $23M Refi
NorthMarq secured the Fannie Mae loan for the third phase of the 486-unit property.
Berkadia’s Head of Affordable Housing on Rent Control
David Leopold discusses the impact of rent regulation on the industry and shares a few solutions to expand the affordable housing inventory.
LIHTC Funding Recovers. Will It Last?
Funding for low-income housing tax credits picked up in the last couple of years, but budget cuts and policy reforms threaten to undermine the affordable housing incentive program.
Black Creek’s Multifamily Leader Has Big Plans for the Sun Belt
A year after joining the firm to oversee its new multifamily push, Chris Westcott is going all in on suburban areas of high-growth cities.
San Diego Workforce Housing Portfolio Grabs $59M Refi
Union Bank provided the 10-year, fixed-rate loan for the five recently renovated communities.