Finance & Investment
Top 10 Multifamily Transactions in San Diego
Despite an overall decline in transaction volume across the market, Yardi Matrix data shows several deals upwards of $100 million closed in the past 12 months.
MRC Provides $138M Loan for Manhattan Condo Project
Happy Living Development received financing to build a 155-unit condo project with retail space in West Harlem. Foundation work has already wrapped up.
Dougherty Mortgage Finances $36M AZ Acquisition
HSL Properties sold the asset seven years after purchasing the luxury community from Arbor Realty Trust for approximately $23 million.
Transactions: April 2019
A selection of noteworthy recent multifamily investment sales and financings from across the U.S.
Angelo Gordon, Glencrest Team on $51M Bay Area Deal
The joint venture bought the 180-unit property in Santa Rosa, Calif., with acquisition financing secured by HFF.
ReNew Investors Lands $159M to Acquire 8 Senior Housing Communities
KeyBank Real Estate Capital’s Healthcare Lending platform provided the firm with the acquisition financing, which will be used to acquire properties in Michigan, Pennsylvania and Virginia.
JCM Sells Central Valley Apartments for $22M
Berkadia provided the buyer of the 124-unit multifamily asset with more than $16 million in acquisition financing through Fannie Mae.
Making Affordable Housing Make Sense
Securing financing in order to increase—as well as maintain—the supply of rent-sensitive units is challenging. Developers and lenders are launching new initiatives and revisiting existing ones to tackle a problem demanding many solutions.
Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
Philadelphia Luxury Community Gets Fannie Mae Refi
Arbor Realty Trust Inc. has provided a $6.4 million Fannie Mae loan for a recently completed 39-unit multifamily property in the Point Breeze neighborhood.