Finance & Investment
2 Bay Area Properties Trade for $20M
The assets add up to 58 units and are both located close to several large tech employers. Levin Johnston brokered the transactions.
Four Mile Capital Expands VA Footprint
The firm purchased a two-property portfolio totaling 234 units and plans a capital improvement plan to upgrade interior units and amenity spaces.
Indus Management Group Acquires Houston Asset
Vanderbilt Court, located in southwest Houston, was purchased for $11 million. The buyer secured an $8.2 million loan for the property.
Tusk Equities Expands in Atlanta
Arbor Commercial Funding provided more than $9 million in acquisition financing for the property, which marks the buyer’s third purchase in the metro in the past year.
Jacksonville Community Trades for $15M
The seller, DEL Development, purchased the asset in 2011. The new owner obtained more than $14 million in acquisition financing from The Bancorp Bank.
Brooklyn Mixed-Use Development Lands $165M Financing
HFF worked on behalf of a joint venture to arrange the construction loan, which will be used to develop One Boerum Place, a downtown luxury property.
KeyBank Provides $12M for Cleveland Adaptive Reuse Project
Snavely Group will use the financing to create 38 affordable units at Forest City Square Apartments, an environmentally friendly housing development.
JV Acquires San Antonio Student Housing
The Preiss Co. and a private real estate fund advised by Crow Holdings Capital purchased the 694-bed community, marking the joint venture’s second acquisition in San Antonio this year.
How Privatizing GSEs Could Impact the Multifamily Market
New proposals to end conservatorship and revamp the roles of Fannie Mae and Freddie Mac raise questions among industry experts.
Affordable Buffalo Community Scores Construction Financing
Elim Townhomes received $12.1 million in construction financing from KeyBank. The community will reserve five units for individuals with physical, hearing and vision impairments.