Finance & Investment
KeyBank Arranges $291M for Senior Housing Portfolio
The loan, which was secured through Freddie Mac and closed in two tranches, was used to acquire 17 properties totaling 2,193 units.
KeyBank Provides $64M Loan for Affordable NJ Asset
The refinancing will also help rehabilitate Grace West Manor, a 429-unit Newark community built in 1978. The property serves individuals aged 62 and over.
Partially Affordable Anchorage Project Receives $7M Loan
Elizabeth Place Apartments in Anchorage will serve those earning between 50 and 60 percent of the area’s median income, as well as homeless and disabled residents.
Amazon’s HQ2: The Multifamily Impact
Executives weigh in on the implications for residential markets in Crystal City, Va., and Long Island City, N.Y., Amazon’s future HQ2 campuses.
American Landmark Acquires South Florida Portfolio
The $106 million transaction includes two properties—Siena and Hidden Harbor—encompassing 492 units.
Lexington Corp. Sells St. Louis-Area Community
The buyer, Siesta Coast Capital, paid $4.3 million for the 120-unit multifamily asset. The property last changed hands in mid-2008 for $4.5 million.
Denver Community Secures $55M Freddie Mac Loan
The 436-unit Aurora property built in 1972 encompasses 26 buildings. HFF arranged the seven-year loan on behalf of the borrower.
Seattle-Area Community Sold for $173M
Los Angeles-based Decron Properties entered the Puget Sound market with the acquisition of Avana 522 in one of the largest transactions in the region this year.
StoneBridge Buys 346-Unit Durham Community
HFF assisted with the sale and also worked on the new owner’s behalf to secure a $28.9 million Freddie Mac loan for the acquisition. TH Real Estate sold the garden-style asset.
Lantower Residential Pays $74M for Luxury NC Community
An HFF team including Justin Good, Jeff Glenn, Caylor Mark and Allan Lynch marketed the newly built property on behalf of Woodfield Development.