Finance & Investment
Affirmed Housing Opens CA Affordable Senior Property
Bella Vita is a 65-unit development in Carson. The community serves low-income seniors and includes 3,000 square feet of commercial place.
CBRE Arranges Sale of OR Community
Phil Oester, Joe Nydahl and Josh McDonald brokered the sale of the asset, representing the seller, Marathon Management.
Multifamily Takes Benchmarking’s Measure
Operators in the sector strive to catch up with their commercial counterparts.
LIHTC’s New Lease on Life
The low-income housing tax credit (LIHTC) program has put more than three million housing units in service since its inception in 1986, and this year’s introduction of tax reform has expanded LIHTC for the next few years. But in today’s compressed-yield, rising-rate environment, will the credits’ future remain secure?
Transactions: October 2018
The following is a list of transactions that were announced over the months of August and September, 2018.
Canyon Partners Provides $11M for CA Senior Housing
Griffin Plaza in Simi Valley will include 75 assisted living units and 26 memory care units, an arts and crafts room, a salon, and a juice bistro.
TriArc Properties Refinances 137-Unit Houston Asset
HFF’s debt replacement team secured the five-year, fixed-rate loan for 4 eighty West Parker from Green Bank.
How Nimble Lenders Can Be Late-Cycle Winners
Mordecai Rosenberg, president of Greystone, discusses how the firm differentiates its multifamily lending practice amid intensifying competition and where growth opportunities lie.
CWS Community in Duluth, GA, Trades for $52M
The seller, CWS Capital Partners, acquired the 323-unit Class A property in Atlanta’s northeast suburbs from Paces Properties in 2013 for $12.2 million.
Morgan Properties Lands $91M Multifamily Portfolio
Constructed between 1969 and 1979, the four communities in and near Nashville, Tenn., total 826 units. The buyer took a nearly $75 million Fannie Mae loan to finance the acquisition.