Finance & Investment
Community Preservation Corp. Launches Mortgage Company
CPC Mortgage Co. will offer a suite of Freddie Mac, Fannie Mae and Federal Housing Administration products for the acquisition, refinancing, rehabilitation and construction of multifamily properties.
Manhattan Tower Lands $75M Refi Loan
Greystone closed the Fannie Mae loan to refinance Edison Properties’ 23-story luxury high-rise located on the Lower East Side.
Investcorp Acquires $330M Multifamily Portfolio
The eight communities encompass some 2,500 Class B units across the Southeast and Southwest.
197-Unit DC Property Changes Owner
Strategic Realty Holdings acquired Highland Ridge in Capitol Heights, Md. Greysteel facilitated the $22.1 million deal on behalf of the seller and procured the buyer.
Last Day to Enter the 2019 Multi-Housing News Excellence Awards!
Our deadline expires today! Don’t miss this opportunity to showcase your company’s projects and talent.
Inside the Bay Area’s Dynamic Investment Market
There has been some cooling of price and income expectations, but buyers are still enthusiastically grabbing up San Francisco and Silicon Valley multifamily. Levin Johnston’s Robert Johnson and Adam Levin shed light on this trend and others.
The DSF Group Buys NH Portfolio
CBRE Capital Markets arranged the sale of Hilltop Ridge and The Highlands at Washington Park, both located in Manchester.
Miami High-Rise Lands $92M Financing
Modera Metro Dadeland, completed in 2017, has 422 apartments within walking distance of the Dadeland North Metrorail station.
Gadsden Growth Acquires Bay-Area Asset for $240M
Mission Hills Square in Fremont, Calif., has 158 residential units and 53,900 square feet of retail space. The mixed-use development is expected to be completed in October.
NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.