Finance & Investment
White Eagle Buys Charlotte Community for $32M
The company purchased the 240-unit York Ridge from FCP and High Real Estate Group with plans to reposition and rebrand the asset, in the latest deal for the city’s robust multifamily sector.
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
JV Opens Affordable Senior Community in Metro Miami
The $36 million development is an age-restricted community encompassing 110 units in Broward County. Housing Trust Group and Miami Jewish Health Systems broke ground on the project in 2018.
Portland-Area Apartments Trade for $29M
Pathfinder Partners added to its multifamily value-add platform with the acquisition of a 132-unit community.
Affordable Nashville Community Trades for $9M
Hallmark Co. purchased the 112-unit multifamily asset in the metro’s Fairview submarket using more than $7 million in Fannie Mae financing from CBRE.
MLA Properties Buys Charlotte-Area Apartments
The company’s first investment in the metro includes 260 recently completed Class A units situated 15 miles southwest of the city center.
Middleburg Closes Workforce Housing Fund With Atlanta Portfolio Acquisition
The Virginia-based firm plans to invest a total of $91 million in the purchase and renovation of the three properties with nearly 1,000 units.
LA Community Changes Hands for $24M
Lion Real Estate Group purchased the 100-unit asset in 2015 for $15.5 million and sold it after renovating more than half of the property.
Blackstone Buys New Raleigh Apartments for $41M
Davis Development broke ground in 2017 on the 202-unit community and delivered it earlier this year, with the help of $38 million in construction financing.
Rehab Complete on 90-Year-Old LA Units
Community Preservation Partners spent $11.9 million on The Curtis Johnson Apartments, a six-building portfolio in the Vermont Harbor neighborhood that the company renovated.