Finance & Investment
Walker & Dunlop Arranges $16M Loan for Affordable CA Asset
Bridge Housing is building a 68-unit property in San Mateo, dubbed Bay Meadows Apartments, that is scheduled for completion in June 2020.
Avanath, OAG Target Opportunity Zones with New Fund
The joint venture has launched a Qualified Opportunity Zone Fund with a target raise of $300 million for those interested in affordable and workforce housing investments.
Continental Realty Buys Vegas Community
The buyer financed the purchase of the 63-unit Class A asset with a $9 million Freddie Mac acquisition loan originated by HFF.
372-Unit Dallas Community Commands $53M
The sale marked the fourth acquisition for BSR Real Estate Investment Trust in under a year, bringing the entity’s portfolio to a total of 51 multifamily assets.
FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.
Alignvest Acquires Ontario Student Housing Portfolio
The student housing REIT acquired four properties totaling 446 units as part of its planned strategy to consolidate its presence in Canada.
Greystone Refinances MI Multifamily Asset
The $11.3 million Fannie Mae loan features a 10-year term and 30-year amortization period. The property is Ranches of Rosebrook in Ypsilanti.
Hunt Real Estate Provides $13M Loan for KY Community
The borrower used the financing for the acquisition of Saddlebrook at Tates Creek, a recently renovated 181-unit property in Lexington.
Axonic Properties Sells $16M FL Community
Creative Realty Partners has purchased the 126-unit property with the third highest price per unit for this type of asset in Hillsborough County. CBRE procured both the buyer and the seller.
Southwest FL Community Sells for $48M
KeyBank provided the buyer, Bridge Investment Group, with approximately $34 million in Freddie Mac acquisition financing for the 300-unit multifamily asset.