Finance & Investment
Hunt Real Estate Capital Arranges Refi for Vintage Chicago Asset
The new financing for the 1918-built community will be used to refinance its existing loan, while $1 million will be allocated to capital improvements.
JVM Realty Snags Suburban KC Asset
Acquired from The Milestone Group, the community is located 20 minutes from downtown Kansas City in Lee’s Summit, Mo. Renovations are planned for the property, JVM’s 10th in the metro.
Bascom Group Buys Upscale Asset in Booming Frisco
JPI developed and sold Jefferson Stonebriar, a 424-unit community in the Dallas suburb. Frisco’s economic prosperity and rapidly growing population attracted the new owner.
Metro Omaha Development Lands HUD Financing
Graham Development’s 544-unit project in Papillion, Neb., is part of a planned community featuring a minor-league ballpark and a future 60-acre entertainment district. MidHudson LLC secured the federal funding.
Watt, Presidio Break Ground in LA’s San Fernando Valley
Dubbed New Heights, the gated community in West Hills will comprise 43 homes. Vertical construction of the $25 million project is slated to begin in December 2018.
Bronx Apartment Portfolio Commands $53M
Completed in the 1920s and 1930s, the three communities acquired by Lightstone Group total 233 units.
On Demand Webinar: Why Multifamily Investors Are Expanding into Single-Family Rentals
This comprehensive presentation from Arbor and Multi-Housing News provides an overview of single-family rentals–the fastest-growing asset class.
Capital One Provides $50M for SoCal Refi
Allmark Properties’ portfolio includes six properties totaling 538 units in Rancho Cucamonga. The communities are operated as a single entity through a shared facilities agreement.
Greysteel Brokers Sale of Dallas-Area Property
The 154-unit community located in Irving, Texas, traded to a 1031 exchange buyer. The brokerage team worked on behalf of the seller in the deal.
Community Builders Secures $10M for Affordable Boston Development
TD Bank arranged the financing for The Clarion, and its Community Capital Group has also invested $9.2 million of equity in the project. Construction is scheduled for completion by 2019.