Finance & Investment
Fore Property Sells Phoenix-Area Asset for $79M
The buyer financed the acquisition with a $62.2 million loan from TPG Capital. The 344-unit Summerly at Zanjero is LEED Silver certified.
FHFA Sets $200B Cap on GSE Multifamily Business
The policy change limits loan purchases by Fannie and Freddie to $100 billion apiece and shifts more resources to affordable housing.
Miami Co-Living Tower Lands $162M Loan
PMG and Greybrook Realty Partners are developing 400 Biscayne, a 646-unit residential high-rise in the downtown area.
Colliers International Arranges Boston-Area Sale
The firm represented the seller, R.H. White Cos., in the disposition of a 112-unit Class A community in Millbury.
Northwestern Mutual Buys Tampa Asset for $104M
Forge Capital Partners and Intown/Framework Group sold the 235-unit, luxury high-rise property.
Keybank Originates $32M in Financing for 2 Columbus Assets
New Life Multifamily Management is the owner of both communities, which total 747 units and are located approximately 13 miles from the city’s downtown.
CBRE Brokers Sale of Nashville Community
The company represented the seller, a joint venture between Redwood Capital Group and Investcorp, in the sale of the 20-building Arbors of Brentwood.
St. Petersburg Deal Sets Central Florida Record
Courtney at Bay Pines traded for the highest price ever paid in the area for a garden-style community.
Bellwether Secures $80M in Loans for Texas Housing
The loans were used to create, support and preserve three affordable communities in Austin and Port Arthur.
Suburban Indianapolis Property Sells for $61M
A BHI Senior Living affiliate acquired the community through a bankruptcy sale process. Cushman & Wakefield’s Allen McMurtry, David Kliewer and Paul Carr assisted the seller.