Finance & Investment
HFF Arranges $21M Loan for CO Senior Housing
The firm secured 10-year, fixed rate financing through Freddie Mac’s CME Program for The Avenues Crofton Park, located in Broomfield.
Tampa Portfolio Changes Hands
Franklin Street arranged the sale of a two-property portfolio comprising 32 residential units, located approximately 9 miles from downtown Tampa.
Lion Real Estate Exits San Diego
Woodspear Properties paid more than $23 million for the 84-unit Class B community, while assuming the outstanding balance of a $15 million loan from the seller.
Praedium Group Expands Jacksonville Footprint
The firm has almost doubled its profile in the city with the nearly $47 million acquisition of the 246-unit luxury community.
Essex Realty Sells Chicago Community
Partners Jim Darrow and Jordan Gottlieb represented the seller, JAB Real Estate, in the $24.5 million 1031 exchange transaction.
Disney Breaks Ground on $630M Student Housing Project
A partnership between American Campus Communities and Walt Disney World Resort is building a 10,400-bed residential community in Orlando, Fla.
TX Community Changes Hands
The 144-unit property was purchased by Transcontinental Realty Investors after the U.S. Housing of Urban Development granted approval for the expansion of Southern Properties Capital’s multifamily portfolio this summer.
MD Community to Receive $51M Financing
The non-recourse, fixed-rate first mortgage provides for the acquisition of Woodvale Apartments, a 376-unit mid-rise community located just north of Washington, D.C.
Emma Capital Expands in Indianapolis
The Hunt Club Apartments and Brandywine Apartments, totaling 496 units, bring the Toronto-based investor’s multifamily holdings in the U.S. to some 9,000 units.
SVN Brokers Sale of Dallas 171-Unit Community
The property, completed in 1974, was recently renovated, with the previous owner investing nearly $1.5 million in a capital improvements program.