Finance & Investment
Bridge Investment Pays $70M for Phoenix Community
The seller of the 460-unit Class B asset purchased the apartments in mid-2014 as part of a nearly $170 million portfolio deal.
Executive Q&A: Freddie Mac’s Deborah Jenkins
The GSE’s new head of multifamily discusses 2019 finance trends, workforce housing, the agency’s technological transformation and more.
Boston’s Population Pipeline Keeps Multifamily Resilient
Extreme challenges―like construction pricing and the land use process―will help push the metro’s deliveries steadily down over the next four years, according to new projections.
HFF Secures $135M Loan for 6 Student Housing Assets
The properties in the portfolio include University Downs Apartments and Condos, University View, Hillcrest Oakwood, Colonie Apartments, Southgate Apartments and Ella Lofts.
LaSalle Investment Management Acquires Dallas Property
Drawn to the metro’s growing population and strong job market, the firm has purchased a 152-unit luxury rental community in the affluent Turtle Creek submarket.
Affordable VA Community Commands $10M
Community Preservation Partners intends to renovate Royal Arms, a 144-unit property in Front Royal. The deal marks the rehabilitation company’s second affordable housing purchase in the state.
MA Senior Housing Asset Extends Affordability With $45M Refi
Non-profit B’nai B’rith Housing intends to execute a capital improvement program on 200 units at Covenant House in Brighton and ensure rental affordability for the next three decades.
Affordable Boston Community Receives $39M Loan
The 146-unit West Newton Apartments in South End is set to undergo extensive renovations. MassHousing provided the financing to non-profit Inquilinos Boricuas En Accion.
Berkadia Arranges $28M in San Diego Sales
Two properties traded for the highest per-unit price in their respective submarkets. Associate Director Tyler Sinks, Managing Directors Ed Rosen and John Chu worked on behalf of the sellers.
Strawberry Fields REIT Pays $21M for KY Skilled Nursing Portfolio
Oxford Finance provided financing for the acquisition of the three facilities, which are located in Bardstown, Manchester and Elkhorn City.