Finance & Investment
Affordable Dallas-Area Portfolio Changes Hands
Greysteel has facilitated the sale of Ironwood Crossing and Rush Creek Apartments, two properties encompassing 528 units. The company also arranged acquisition financing totaling $37 million.
Finding Value in Philadelphia’s Multifamily Market
Dalzell Capital Partners’ founder & managing partner shares his knowledge about Philadelphia’s multifamily business climate and what to expect in a late-cycle economy.
On the Market: 4 Interesting Listings for the Week of 1/21
This week’s listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
$500M Fund Targets Bay Area Affordable Housing Shortage
A consortium of leading Bay Area philanthropy, business and community advocates—including the organization co-founded by Facebook’s CEO—is launching one of the largest housing investment funds in the U.S.
Suburban Kansas City Community Commands $74M
Carroll Organization sold the 402-unit asset less than three years after acquiring it. The transaction was subject to a $50.9 million Freddie Mac loan.
Weidner Sells Phoenix Community for $37M
Weidner Apartment Homes sold Monterra Apartments Homes for $37.2 million after almost a decade of ownership. The buyer financed the acquisition through a loan.
Grandbridge Real Estate Arranges Refi for 132-Unit OH Property
Funded through one of Grandbridge’s insurance company correspondents, the $1.8 million loan closed with an interest rate of 5.01 percent.
Preiss Co., Nuveen Real Estate Buy NC Student Housing
The joint venture has acquired Signature 1505, a recently completed student housing community in Raleigh.
TruAmerica Expands in Georgia
The company teamed with Tokyu Land US Corp. to acquire two Atlanta communities in separate transactions totaling $127.35 million.
Industry Executives Launch New Multifamily Platform
Brian Metzler and Graham Carpenter have created PENLER, an investment firm that has committed enough capital to complete more than $800 million in development and acquisitions.