Finance & Investment
NYC Details $24B Public Housing Upgrade
Transfer to Preserve is among several programs launched by Mayor Bill de Blasio’s administration to raise capital for repairs at the city’s NYCHA sites.
Miami Community Secures $142M in Financing
Square Station, a 710-unit downtown asset developed by Melo Group in Miami, launched leasing in June and is now 95 percent occupied.
Brooklyn Community Secures $113M Refi
Goldman Sachs originated the new loan, which pays down a previous $120 million construction mortgage for the 2016-built luxury property.
$31M Refi Earmarked for Baton Rouge Apartments
Eyzenberg & Co. facilitated the loan for the developers of the 224-unit River House Apartments, a live-work-play community.
Fine-Tuning Multifamily Management for 2019
Bell Partners’ CEO shares his insights on new market opportunities in the coming year, how technology is transforming the business and why a hands-on approach still goes a long way.
$125M Loan Awarded to NYC Luxury Building
Germany-based commercial bank Helaba provided the loan package to Stellar Management in a transaction brokered by Cushman & Wakefield.
Covenant Capital Group Raises Record $395M
Covenant Apartment Fund IX is the largest fund in the company’s 18-year history. The capital will go toward revitalizing recently acquired properties.
Senior Housing Portfolio Receives $327M Refi
The Freddie Mac loan, originated by Berkadia, will refinance some 2,200 units for Brookdale Senior Living.
Bank of America Provides $25M for Bay Area Refi
The loan retires a prior, $30 million CMBS mortgage from late 2008, which had been set to mature in January.
Blackstone Sells $40M Phoenix Asset
TH Real Estate acquired the 240-unit multifamily asset, securing $40 million in revenue bond financing from Maricopa County’s Industrial Development Authority.