Finance & Investment
Multifamily Groups Press for Shutdown Solution
NMHC, the Council of Large Public Housing Authorities and other organizations lobby for an end to the crisis, citing the impact on areas like rental assistance programs and affordable housing projects.
Seattle Tower Project Secures $185M
Square Mile Capital originated the loan for the 352-unit development on behalf of a joint venture between Laconia Development and Vanke Holdings USA.
LIHC Preserves Affordability for Boston Community
More than 170 units at Concord Houses in the South End neighborhood will stay affordable for at least the next 40 years.
Freddie Mac’s Top Multifamily Lenders of 2018
The mortgage giant names the lenders which transacted the most multifamily financing volume with the government-sponsored company last year.
JV Secures $26M in Financing for CA Community
The new owners will upgrade apartment interiors, exteriors and communal areas at the 88-unit community located in Buena Park, Calif.
Starlight Acquires Suburban Denver Property
In the last few months, the Toronto-based investor has added some $270 million of Class A multifamily properties in the U.S., most recently Broadstone Montane in the Denver suburb of Parker, Colo.
Bertram Partners Lands $72M Refi for CA Properties
The Freddie Mac loan—which was arranged by HFF—will be used to refinance the debt on three communities in Orange County.
North FL Community Changes Hands
The 96-unit multifamily asset, completed in 1963, traded for $6 million, more than doubling the seller’s return in two years.
Manhattan Residential Conversion Project Lands $132M Financing
The Moinian Group is transforming a former office building in the Battery Park neighborhood into a 345-unit amenity-rich community catering to Millennials and Gen Z renters.
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.