Finance & Investment
WNC Raises $210M in Affordable Housing Funds
The company has closed on two LIHTC vehicles to develop and renovate more than 1,900 units across the U.S.
Los Angeles County Community Lands $64M Fannie Mae Loan
Hunt Real Estate Capital provided the affordable financing for the 216-unit property.
JLJ Capital Provides $57M Loan for Brooklyn Project
The 17-story residential and retail tower at 329 Broadway will bring 63 apartment units to the Williamsburg neighborhood.
Newmark Knight Frank Closes Sale of Orlando Luxury Community
The firm’s multifamily team assisted Fore Property in the disposition of a 256-unit community located 10 miles east of Walt Disney World Resort.
Grand Strand Luxury Community Commands $48M
Sillman Enterprises has purchased the 288-unit Class A multifamily property in Myrtle Beach. Cushman & Wakefield represented the seller in the deal.
Trump Administration Lays Out Plan to End Fannie-Freddie Conservatorship
Following more than a decade of conservatorship, the Treasury department finally announced a privatization strategy that includes a number of legislative and administrative proposals.
Phoenix-Area Property Trades for $16M
ReNue Properties sold Sonoma Heights, a 96-unit value-add community located in Mesa, Ariz.
Transactions: September 2019
A selection of noteworthy deals announced between July 22 and August 21.
Affordable Jacksonville Community Sells for $19M
Alden Torch Financial sold the 224-unit asset in Southridge. Newmark Knight Frank provided acquisition financing for the buyer through Freddie Mac.
SunTrust Scores $95M in Florida Refis
Bluerock Residential Growth REIT owns the two Class A properties in the Gulf Coast cities of Destin and Naples.