Finance & Investment
Friedkin Realty Group Buys 2 Long Island Communities for $151M
The purchase of The Allure and Hudson House in Mineola marks the highest price per unit achieved in Nassau County.
Nashville Community Expansion Lands Financing
Schatten Properties, the owner of the 412-unit multifamily asset, will use the $14 million construction loan to add a second phase totaling 151 units.
HFF Secures $31M Loan for Chicago Community
The luxury property is part of developer PMG’s national portfolio of X Social Communities, a new concept meant to provide a high-class lifestyle at an accessible price point.
San Diego Affordable Community Lands $4M HUD Loan
Love Funding has arranged a permanent financing solution for the property, which received a construction loan with a LIHTC component in 2007.
Capital Square 1031 Completes VA Multifamily Purchase
The firm acquired Summit at Bon Air Apartments in a Richmond, Va., suburb through a Delaware statutory trust (DST) offering that was fully subscribed by 61 investors.
Jacksonville-Area Community Changes Hands
AmveStar Capital paid more than $10 million for the 120-unit Class B community. The asset last changed hands in 2016 for $7.6 million.
European JV Closes $396M Student Housing Fund
A joint venture between Europa Capital and Generation Student held a first close after raising $132 million in new capital for the U.K.-focused fund.
North FL Community Sells for $54M
Newmark Knight Frank originated nearly $38 million in Freddie Mac acquisition financing for TruAmerica Multifamily, the buyer of the 272-unit Class A asset.
Q&A With Fannie Mae: Calm Waters, Clear Skies in 2019
Fannie Mae’s Kim Betancourt reflects on how interest rate fluctuations, peak supply and demographics will impact multifamily lending and shares her expectations for the year ahead.
San Diego Student Housing Changes Ownership
HFF worked on behalf of the seller, FPA Multifamily, which acquired the asset in 2015 from AIG Global Real Estate. The community serves San Diego State University.