Finance & Investment
Freddie Mac Re-Enters LIHTC Market
A new fund co-sponsored by the GSE and Enterprise Community Investment Inc. will target underserved areas with as much as $100 million in capital.
Wildhorn Capital Nabs 2 San Antonio Communities
Bitterwood Ranch Apartments and Fifth Avenue Apartments have 388 units, which brings the company’s total to 830 units acquired in the area over the past year.
Orlando Assisted Living Development Lands Recap
Stonegate Development secured a $2.1 million bridge loan from LV Lending to refinance an upcoming 90-unit, Class A community close to Lake Nona.
CBRE Secures $33M Acquisition Loan for SC Community
Vice Presidents Nate Sittema and Kristen Reilley represented the buyer in the transaction. The Apartments at Brayden is a recently built asset southeast of Charlotte, N.C.
Beacon Communities Completes First Phase of $30M Rehab Project in NY
Martin Luther King Apartments, an affordable housing property in Troy, is undergoing extensive renovations under Housing and Urban Development’s Rental Assistance Demonstration program.
San Antonio Value-Add Asset Changes Hands
JLL has brokered the sale of Cordoba Apartment Homes, a community comprising 30 studio, 70 one-bedroom and 160 two-bedroom apartments.
Andover Real Estate, M Group Acquire Detroit Community
Carlton Apartments has 144 units and is located in the Lafayette Park area of the city. Greystone provided the Fannie Mae Green Rewards financing for the acquisition.
Berkadia Arranges $22M Acquisition Loan for TX Community
Senior Managing Director Tucker Knight and Director Nicholas Murphy worked on behalf of Olympus Property, the company that purchased the 250-unit Anatole on Briarwood.
Homeowners Rehab Secures $40M for MA Asset
The 98-unit HRI Concord Highlands will be the largest new construction affordable development to rise in Cambridge, Mass., in 40 years.
Miami’s $425M Project: Where Urban Living Meets the River
UrbanX Group’s Andrew Hellinger reveals the details behind one of Miami’s hottest projects: River Landing Shops and Residences, located on the Miami River.