Finance & Investment
TD Bank Provides Financing for South Florida Senior Housing
The $9 million construction loan, part of the bank’s The Ready Commitment program, will help modernize and improve the 100-unit Palms of Deerfield Apartments.
ClearWorth Capital Buys Texas Community
The new owner of The Palm on South Padre plans to thoroughly overhaul the 1973-built property.
Starwood Buys 21 Affordable Housing Communities
The 4,448-unit portfolio is spread across Dallas-Fort Worth, Houston and Florida and is 96 percent occupied.
Sentinel Real Estate Pays $51M for Nashville Apartments
As part of the deal, the new owner of the Class B multifamily asset assumed $28.5 million in debt.
$300M Multifamily Fund Reaches 1st Close
Atlantic | Pacific Real Estate Group and Blue Arch Advisors have scored $140 million of equity commitments for the vehicle.
Wood Partners Trades Phoenix Community for $64M
The transaction comes on the heels of the developer’s sale of another asset in the metro for $72 million.
Canada Launches New Affordable Housing Model
The federal government has invested $15 million in the innovative partnership that will back new projects in British Columbia and Alberta.
Tampa-Area Community Lands $29M Refi
JLL arranged the 10-year loan with Goldman Sachs for the 288-unit property in Port Richey, Fla.
Aspen Square Management Sells Sacramento-Area Apartments
A 114-unit community in Carmichael, Calif., traded for a record-setting $203,000 per unit.
Watermark Residential Scores $179M Refi
The Freddie Mac conventional loans will refinance a portfolio of four multifamily communities in Arkansas, Colorado and Texas.