Finance & Investment
Chicago Luxury Tower Lands $215M Refi
Perkins Coie represented the borrower, Optima Inc., in arranging a loan to refinance construction debt on the 57-story Optima Signature high-rise.
Oklahoma Apartments Change Hands
The transaction marks Timberland Partners’ third acquisition in the state, bringing the company’s national portfolio to more than 13,800 units.
Suburban Atlanta Asset Changes Hands
Domum Real Estate Partners traded the 175-unit community for more than $22 million, with the buyer financing the acquisition with a $15 million Freddie Mac loan.
29SC Expands Houston Presence With Value-Add Asset
The privately held firm plans to invest more than $2 million in capital improvements in the 17-building community located 23 miles northwest of downtown Houston.
2 Affordable WA Assets Land Acquisition Loans
Hunt Real Estate Capital has secured $5.5 million in funding for Colvos Terrace and Street Fawcett, two communities in Tacoma totaling 87 units.
Emma Capital Buys Atlanta Property for $36M
The Toronto-based company has expanded its presence in the U.S. with the acquisition of a 392-unit community located in the Northlake suburb.
New Charleston Asset Receives $32M Freddie Mac Loan
Grandbridge Real Estate Capital closed the 11-year, non-recourse financing for an upscale property completed last year.
Suburban San Francisco Community Refinances
Ravello Holdings completed work on the 128-unit luxury property in June. The new, $42 million financing package retires a nearly $30 million construction loan.
North FL Affordable Housing Portfolio Changes Hands for $51M
The portfolio includes four communities totaling 768 units across three of Jacksonville’s submarkets. The new owner, Millenia Housing Management, plans to invest $40 million in capital improvements.
Hunt Real Estate Secures Financing for Dallas Asset
The new owner will implement a capital improvement plan which will include upgrades to the interior and exterior areas of the 134-unit garden-style community.