Finance & Investment
Affordable Miami Lakes Property Lands $24M Refi
Greystone provided the HUD-insured loan for Country Club Villas II. The Federal Housing Administration financing replaces a previous $22 million Fannie Mae mortgage.
HFF Lands $27M Refi for LA Student Housing Portfolio
The portfolio comprises 19 communities totaling more than 81,000 square feet near the University of Southern California.
ClearWorth Capital Snags Houston Community
HFF marketed The Edge at City Centre on behalf of the seller, 29th Street Capital, which invested around $2.6 million to rebrand, renovate and reposition the asset.
Atlanta-Area Community Changes Hands
Two Water Capital paid more than $22 million for the 242-unit multifamily property, financing the acquisition with a $16.6 million Fannie Mae loan.
Freddie Mac Closes LIHTC Fund with Hudson Housing Capital
The fund’s first investment comes in the form of a $17.5 million LIHTC equity for Lord Road Apartments, which will provide 324 low-income units in San Antonio.
FL Luxury Apartments Command $103M
Ram Realty Advisors and Kolter Urban have sold The Alexander and Alexander Lofts, two high-end communities located in West Palm Beach.
Dermot Co. Picks Up Brooklyn Luxury Multifamily Property
HFF and Savills Studley played a variety of roles in arranging the sale and securing debt and equity financing for the Windsor Terrace transaction.
FL Community Trades in $22M Off-Market Transaction
Berkadia worked on behalf of both parties involved the deal and Freddie Mac provided a $16.5 million, 12-year fixed-rate loan for the acquisition.
OH Portfolio with 456 Units Changes Hands
The transaction includes three communities located within the Westland submarket of Columbus. All properties have a 90 percent or above occupancy rate.
IMT Capital Nabs Nashville-Area Community
Bell Partners, which acquired the asset in 2013, traded the 214-unit property for more than $50 million. CBRE Capital Markets provided the buyer with acquisition financing.