Finance & Investment
Frankforter Group Pays $40M for Metro Atlanta Portfolio
The two fully affordable communities, built in the 1970s and totaling 623 units, are close to Hartsfield-Jackson Atlanta International Airport via Interstate 285.
Q&A: Why Israeli Bond Buyers Love Multifamily
U.S. apartment building owners who meet certain criteria may want to consider issuing debt on the slowly recovering Tel Aviv Stock Exchange.
NYC Community Lands $42M Fannie Mae Loan
KeyBank’s Community Development Lending and Investment team has closed a second round of financing for the renovation of Twin Parks West, a 311-unit, 10-story affordable apartment property in the Bronx.
Greystone Arranges $72M in Financing for Skilled Nursing Portfolio
The 874-bed portfolio is spread across North Carolina and Kentucky. Managing Director Fred Levine originated the financing in the deal.
Berkadia Brokers Sale of 261 Units in the Midwest
The company’s Chicago investment sales team facilitated two deals involving the 128-unit Franklin Park Apartments in Milwaukee and Highland Pointe, a 133-unit multifamily property in Indianapolis.
Tower 16 Capital Partners Buys Inland Empire Community for $63M
The value-add investment and management firm purchased the 352-unit asset in Colton, Calif., from FPA Multifamily and will invest an additional $4 million in renovations and upgrades.
Student Housing Portfolio Lands $92M Loan
Aspen Heights and Safanad secured the financing for three properties totaling 1,653 beds in Iowa, Texas and South Carolina.
Berkadia Originates $80M Refi for Florida Asset
The new seven-year, fixed-rate loan with three years of interest-only payments replaces an $80 million floating-rate loan Berkadia secured in 2018 for Advenir’s 540-unit property in Palm Beach Gardens.
Advenir Secures $191M for Three-State Portfolio
The investment firm acquired six residential communities totaling 1,843 units in Alabama, Colorado and Texas. HFF arranged the financing in the deal.
Rincon Partners Enters Charlotte Market
Greystone provided a $13 million Fannie Mae loan for the acquisition of a 144-unit property that changed hands for more than $19 million.