Finance & Investment
MHN Poll: Investor Prediction
MHN has a new poll! We want to know what type of real estate investor you predict your company will be in 2019.
Southern Portfolio Secures $11M Financing
The communities, totaling 280 units in Oklahoma, Tennessee and Georgia, received Freddie Mac and Fannie Mae funding through Arbor Realty Trust.
Rincon Partners Sells Phoenix Community for $34M
LoanCore Capital provided the buyer with nearly $30 million in acquisition financing. The new owner rebranded the asset and chose a new property manager.
Jonathan Rose Cos. Sells Affordable NJ Asset
SVN Affordable assisted the company in the $47.5 million sale of St. Mary’s Villa, an age-restricted property encompassing 360 one-bedroom units.
Transwestern Sells Austin Community
Completed in 2016, the 346-unit property is at the epicenter of new development activity in the city’s popular East Sixth district.
TWG Development Purchases Atlanta Apartments for $29M
Merchants Bank of Indiana provided the buyer with nearly $30 million in acquisition and development financing. The short-term bridge loan matures in June.
How to Build Multifamily in Today’s Market
In an exclusive podcast, Pat Jackson, CEO of Sabal Capital Partners, talks about what led to the nation’s housing crisis, how preferences have changed, and the programs available for multifamily developers.
Terwilliger Pappas Sells Atlanta Asset for $75M
The 303-unit luxury community welcomed its first residents in 2018. The developer financed construction of the property with more than $40 million from Synovus Bank.
Jamboree Breaks Ground on Affordable OC Project
Encompassing 75 units, Santa Ana Veterans Village will cater to homeless veterans and their families. The developer estimates the total development costs at $29.7 million.
Coast Equity Purchases Suburban Seattle Community
Hunt Real Estate Capital provided the buyer with more than $16 million through Freddie Mac to finance the nearly $25 million acquisition.