Finance & Investment
Affirmed Housing Breaks Ground on LA Supportive Housing
Aria, a 57-unit development, is one of the first in the city funded through the $1.2 billion HHH bond measure passed in 2016.
Phoenix Community Sells for $25M
Investors Capital Group financed the purchase of the 184-unit Class B multifamily asset through a Fannie Mae line of credit originated by Berkadia.
WA Community Changes Hands
Madison Residential purchased the 63-unit Class B asset for approximately $10 million, with Opus Bank providing more than $7 million in acquisition financing.
Nelson Partners Pays $100M for Austin Student Housing Asset
Located near the University of Texas, the 18-story Skyloft is fully occupied and is already 77 percent leased for the 2019-2020 academic year.
Silicon Valley Project Scores $41M Construction Loan
Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.
NYC Condo Development Lands $65M Construction Loan
Working on behalf of the sponsor—a partnership of RJ Capital Holdings and RB Realty Capital—Naftali Credit Partners secured the financing for an upcoming 74-unit luxury community in Queens.
Berkadia Arranges $37M Loan for WA Community
The company secured the loan through New Jersey-based PGIM Real Estate Finance on behalf of the borrower, Madison VK LLC.
JV Acquires MD Community for $43M
The Donaldson Group, Declaration Capital and Angelo, Gordon & Co. purchased the 288-unit Plaza Towers in Hyattsville. The new owners will implement a capital improvement plan to modernize the property.
Boca Raton Community Receives $126M in Financing
Developed by Giles Capital Group, Rosemurgy Properties and Schmier Property Group, in partnership with Wheelock Street Capital, the South Florida project encompasses 456 luxury units and more than 150,000 square feet of retail space.
NJ Gated Community Commands $18M
The 168-unit Landmark West Apartments in Newton comprises 11 buildings on nearly 14 acres, in the midst of landscaped surroundings, recreational land, state parks and golf courses.