Finance & Investment
Affordable Massachusetts Property Lands $23M Loan
MassHousing closed on the financing, which will allow Maloney Properties to undertake substantial renovations at the 50-year-old community and extend its affordability.
Manhattan Landmark Gets $386M Refi
Hunton Andrews Kurth LLP advised the owners of 70 Pine St. on the mortgage provided by Goldman Sachs.
Tucson-Area Community Scores $23M Refi
Greystone provided the Fannie Mae DUS loan for the 240-unit multifamily property located in Oro Valley, Ariz.
Metro Atlanta Asset Changes Ownership
The Walden Group paid more than $12 million for the 140-unit multifamily property located in Tucker, Ga.
Barings Sells Portland Community for $116M
Griffis Residential acquired the 294-unit, LEED Gold-certified property in the city’s South Waterfront neighborhood.
CA Ventures Moves into European Student Housing
The U.S. firm plans to invest $625 million per year in the UK and Ireland by 2021, while branching out into the Netherlands, Spain, Portugal and Italy.
Brooklyn gets 58 New Units of Affordable Senior Housing
The 13-story building in the Lefferts Gardens neighborhood has senior-friendly design elements and on-site social services.
Security Properties Buys $28M Tempe Property
The company purchased The Rev Apartments, marking its eighth acquisition in the Phoenix area.
New Jersey TOD Scores Financing
A JLL Capital Markets team arranged the $19.9 million construction loan for 34 Bank in Netcong, N.J.
Broadtree Residential Buys Florida Asset
The Broadstone Real Estate-managed trust picked up the 268-unit apartment community in Pensacola through an UPREIT structure.