Finance & Investment
BCB Secures $78M Refi Loan for NYC Portfolio
The six communities are located on Manhattan’s Upper West Side and have undergone $10 million in capital improvements since they were acquired in 2014.
San Francisco Portfolio Sells for $260M
Hunton Andrews Kurth represented the seller, Nahla Capital, in its disposition of 30 assets totaling 400 units.
Fort Worth Multifamily Community Changes Hands
The property is situated within the 63-acre Waterside mixed-use development and offers quick access to the Arts District and Downtown.
Jacksonville Community Changes Hands for $20M
The seller, Kite Realty, completed the 130-unit luxury property in 2017. The new owner took a $13.3 million acquisition loan from Thrivent Financial.
MA Community Receives $120M Loan
The 392-unit rental property in Cambridge is LEED Silver-certified. Greystar acquired the asset last year as part of its acquisition of Monogram Residential Trust.
KeyBank Arranges $291M for Senior Housing Portfolio
The loan, which was secured through Freddie Mac and closed in two tranches, was used to acquire 17 properties totaling 2,193 units.
KeyBank Provides $64M Loan for Affordable NJ Asset
The refinancing will also help rehabilitate Grace West Manor, a 429-unit Newark community built in 1978. The property serves individuals aged 62 and over.
Partially Affordable Anchorage Project Receives $7M Loan
Elizabeth Place Apartments in Anchorage will serve those earning between 50 and 60 percent of the area’s median income, as well as homeless and disabled residents.
Amazon’s HQ2: The Multifamily Impact
Executives weigh in on the implications for residential markets in Crystal City, Va., and Long Island City, N.Y., Amazon’s future HQ2 campuses.
American Landmark Acquires South Florida Portfolio
The $106 million transaction includes two properties—Siena and Hidden Harbor—encompassing 492 units.