Finance & Investment
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.
WNC Closes $150M LIHTC Fund
WNC Institutional Tax Credit Fund 45 LP will be used to develop and renovate 26 affordable housing communities in 12 states.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.
Vitus Enters CO Market
In a collaboration with the Colorado Coalition of the Homeless, the affordable housing developer acquired Renaissance 88, a 180-unit property that the company plans to renovate.
HFF Arranges Construction Loan for Denver Senior Housing
Upon completion in 2019, the Class A community will offer 94 assisted-living and 32 memory-care units.
MI Community Receives $11M Refi
After previously securing acquisition financing for Timberwood Crossing, Cohen Financial has now arranged a HUD-insured loan for the same property. Managing Director Cathy Bronkema worked on behalf of the owner.
Tampa Asset Commands $31M
Franklin Street arranged the sale of River View Apartments from River View Tampa. The community includes 296 units.
Latch Raises $70M Series B Fund
Brookfield Ventures will be leading the fund and installing the brand’s smart access system throughout properties within its current pipeline, creating the world’s largest smart access ecosystem within a single portfolio.
Walker & Dunlop Closes $26M Loan for AL Student Housing
Two21 Armstrong, a 390-bed property, is located just two blocks from Auburn University. Livingston Hessam, Jeremy Pino and Kyle Miller, along with HUD experts Keith Melton and David Strange, arranged the loan.
Hunt Real Estate Provides Financing for CO Affordable Project
The firm facilitated a $34.4 million loan for the construction of The Village of Wintergreen, a planned 156-unit property in Keystone, in the Rocky Mountain region.