Finance & Investment
Greystone Arranges $92M for PA Acquisition
The firm worked on behalf of a private buyer to secure the Freddie Mac loan for the acquisition of Lincoln Green, a 636-unit property in Philadelphia.
NY Nursing Facilities Get $100M in Financing
Greystone provided the refinancing loans for two skilled nursing facilities in the Bronx and Buffalo, N.Y. The borrower was Centers Health Care.
Passco Pays $63M for FL Property
The rental community is situated within the Crestview-Fort Walton Beach-Destin MSA, a market with growing demand for high-end apartments.
Interra Realty Brokers Sale of Vintage Chicago Community
An affiliate of LEM Equities paid $2.9 million for the mixed-use building. The deal resulted in one of the highest per-unit prices in the Bucktown neighborhood.
Investcorp Acquires $311M Multifamily Portfolio
The properties, totaling 2,876 units, include three communities in Houston, two in Tampa, Fla., and one in Salt Lake City.
HFF Facilitates $54M Financing for North San Diego Development
The 305-unit garden-style community will be located in the heart of Vista, a growing infill community close to employment centers.
DC-Area LIHTC Portfolio Changes Hands for $31M
Greysteel facilitated the sale of 286 units spread across three affordable properties, which are restricted to residents age 62 and over.
How Greystone Labs’ Machine Learning Algorithm Expedites Originations
Zac Rosenberg, director of the company’s innovation incubator, uses his engineering background to develop solutions that streamline the firm’s multifamily agency lending process.
Fogelman Increases Jacksonville Footprint
Gamma Real Estate sold the 268-unit Class A community for more than $40 million, with Greystone providing acquisition financing to the buyer.
Fully Occupied Community Trades in OH
Franklin’s Crossing has 61 units and is located in Northwest Columbus in an area with several shopping and entertainment centers nearby.