Finance & Investment
Busting the Myths of Impact Investing
Kairos Investment Management Co. President & CIO Jonathan Needell shares his views on how investments can both create environmental and social impact and produce market-level returns. He also names common misconceptions about affordable housing ventures.
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.
FL Luxury Asset Commands $108M
Walker & Dunlop arranged both the sale and a $65.2 million Freddie Mac loan for the 348-unit Hermitage Apartment Homes in St. Petersburg, which was acquired by Brass Enterprises.
Phoenix-Area Property Changes Hands for $12M
Dougherty Mortgage originated a $9.5 million Fannie Mae loan for the acquisition of the 120-unit Tuscano Village in Glendale.
Berkadia Secures Acquisition Loan for AL Community
Senior Managing Directors Charles Foschini and Mitch Sinberg, Managing Director Chris Apone and Associate Director Matthew Robbins arranged the financing for the 244-unit asset.
Affirmed Housing Breaks Ground on LA Supportive Housing
Aria, a 57-unit development, is one of the first in the city funded through the $1.2 billion HHH bond measure passed in 2016.
Phoenix Community Sells for $25M
Investors Capital Group financed the purchase of the 184-unit Class B multifamily asset through a Fannie Mae line of credit originated by Berkadia.
WA Community Changes Hands
Madison Residential purchased the 63-unit Class B asset for approximately $10 million, with Opus Bank providing more than $7 million in acquisition financing.
Nelson Partners Pays $100M for Austin Student Housing Asset
Located near the University of Texas, the 18-story Skyloft is fully occupied and is already 77 percent leased for the 2019-2020 academic year.
Silicon Valley Project Scores $41M Construction Loan
Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.