Finance & Investment
Morgan Properties Buys TN Apartments for $27M
Berkadia provided the buyer of the 212-unit, Class B community in Nashville with more than $23 million in Freddie Mac acquisition financing.
Baron Properties Sells Phoenix Asset for $9M
The company had owned the 68-unit community in Christown since 2016, when it acquired it for almost half the current price.
Virginia Community Lands $30M Grant
The federal funds will go toward redeveloping the 256-unit Ridley Place public housing and the surrounding neighborhood. Pennrose is the master developer of the project.
FL Student Housing Assets Secure $39M in Financing
Serving the University of Florida, the two student housing communities recently underwent major renovations to include new amenities. HFF worked on behalf of the borrower.
California Mixed-Use Project Lands $32M Loan
Parkview Financial provided the construction financing for a three-building development in Poway, a northern suburb of San Diego.
Southwood Realty Buys South Carolina Community for $41M
The 20-building property in the Columbia suburb of Blythewood has been renamed, and the buyer has plans for a value-add program. Cushman & Wakefield represented the seller in the transaction.
Affordable Housing Is a National Math Problem
Financing the development and preservation of low-income units is a challenge in today’s dynamic marketplace, so private organizations are taking matters into their hands.
Transactions: June 2019
A selection of noteworthy deals announced between April 23 and May 14.
JV Closes on $57M Canadian Multifamily Portfolio
Marlin Spring and Greybrook Realty Partners teamed up to purchase a 520-unit, four-building portfolio in the capital city of Ottawa and nearby Gatineau.
North Carolina Student Housing Community Lands $19M Loan
Hunt Real Estate Capital provided the 10-year Fannie Mae financing for the 270-bedroom community just outside of Wake Forest University. The borrower completed an expansion of the property earlier this year.