Finance & Investment
Sequoia Equities Buys SoCal Community for $83M
CBRE provided the buyer of the 247-unit Class A asset in the Inland Empire with $52 million in acquisition financing through Fannie Mae.
NYC Moves Forward on $82M Affordable Project
Developed by Bronx Pro Group and backed by city, state and federal funding, the 12-story community will offer 154 units and supportive services for income-challenged seniors.
Houston Community Receives $40M Fannie Mae Loan
Greystone provided the green financing for a 342-unit community owned by Alara Ventures. The loan will enable continued improvements to the property located just south of the medical district.
Skanska Sells DC Project to Northwestern Mutual
The firm sold RESA, a 326-unit luxury residential community and part of a mixed-use development, for approximately $141 million.
Alpha Partners Enters Charlotte With Portfolio Buy
The firm’s first acquisition in the market includes 147 units across three communities. The owner plans to add value to the properties through significant renovations.
Value-Add Asset Draws TN Investor
LEDIC Realty Co. has acquired Enclave at Water’s Edge, a 184-unit community in the IBM area, from Hamilton Zanze & Co.
HTG Completes 4th Community in Miami-Dade County
The affordable housing developer finished work on Princeton Park, a 150-unit income-restricted property. The Florida Housing Finance Corp. provided part of the financing for the $36 million project.
Jacksonville Apartments Command $63M
AC Packer West sold the year-old Steele Creek Apartments, a Class A, 300-unit community, to RST Development/Hercules Real Estate Services Inc.
Denver Opportunity Zone Attracts Cresset-Diversified Fund, Hines
Starting in early 2020, the partners will build North Wynkoop, a 10-story, 392-unit luxury community in Denver’s RiNo neighborhood.
Fort Lauderdale Luxury Tower Lands $140M Refi
SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.