Finance & Investment
In Case You Missed It: MHN’s Top 5 Posts in January
Miss any of our articles? Catch up with five of our most popular posts for the month.
MD Apartments Change Hands in $87M Deal
The Donaldson Group partnered with Declaration Capital and a fund managed by DRA Advisors to acquire a 592-unit garden-style community in Silver Spring, with plans to renovate the asset in the year ahead.
The Walden Group Pays $107M for Southern Portfolio
The 18-property, 1,858-unit portfolio of apartment communities is spread throughout six states. Several of the properties were acquired through proceeds from 1031 exchanges.
Phoenix Community Commands $62M
Kasten Long Commercial Group’s Linda Fritz-Salazar and Scott Trevey brokered the transaction in which Green Leaf Partners purchased a 306-unit asset from Evergreen Development.
2019 Economic and Investor Forecast
At the National Multifamily Housing Council’s 2019 Apartment Strategies Outlook Conference in San Diego, panelists discussed their outlook for the market based on last year’s performance.
29th Street Capital Buys 2 Properties in Las Vegas
The company acquired properties in two of the most sought-after Las Vegas submarkets and plans to spend $1.8 million in capital improvements on one of the assets.
Manhattan Luxury Asset Gets $200M Refi
Greystone Bassuk arranged the 10-year, fixed-rate loan for the property’s owners, a joint venture between Taconic Investment Partners LLC and Mitsui Fudosan America Inc.
$60M Financing Secured for Orlando Apartments
HFF arranged the loan on behalf of the developer, a partnership between Sumitomo Corporation of Americas, FINFROCK and OneEleven Residential.
Equity Residential Acquires Jersey City Community
Madox is a 131-unit LEED Silver certified building located in the Paulus Hook neighborhood. J.P. Morgan Asset Management was the seller.
Top Multifamily Transactions in TN in 2018
Investment in Tennessee stayed strong in 2018, as Nashville’s appeal only grew following Amazon’s commitment to add jobs to the metro going forward.