Finance & Investment
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.
Greystone Buys Multifamily Financing Platform for $80M
The company will take over the direct bond purchase business, which has roughly $1 billion in total assets, from Burlington Capital.
Capital One Closes Freddie Mac Loan for Chicago Property
The 20-year hybrid-rate loan will be used to refinance a mixed-use community in the Wicker Park neighborhood.
Rail Station Location Seals Chicago Deal
Inland Private Capital Corp. facilitated the sale of Kimball Station in a $15.2 million deal.
FCP Adds to Florida Portfolio With $29M Buy
The real estate investment company bought the 396-unit community in Jacksonville in an off-market transaction.
Berkadia Facilitates $22M Sale of Metro Atlanta Community
A brokerage team assisted The Walden Group in the disposition of the 164-unit garden-style property in Duluth, Ga.