Finance & Investment
Hayden Properties Sells TX Portfolio
RSN Property Group picked up the two Class B San Antonio communities, financing the transaction with a nearly $31 million mortgage.
Berkadia Arranges $39M Acquisition Loan for FL Community
Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Senior Analyst Lourdes Carranza-Alvarez of Berkadia’s South Florida office worked on behalf of the buyer.
Genesis Cos. Launches $20M Rehab of NJ Apartments
Vista Village Apartments in East Orange, a former public housing facility, is a 100-percent affordable building that includes 180 units.
Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
San Antonio Portfolio Lands $27M Bridge Loan
The new financing package retires $25.4 million in prior debt. The four properties, owned by TerraVista, total 624 units across three of the city’s submarkets.
Hunt Finances Chicago Multifamily Portfolio
The two Freddie Mac loans total $7.4 million and were secured for financing the acquisition of 90 units located across the Bronzeville neighborhood.
Jacksonville Development Lands $35M Financing
Waypoint Residential’s planned Volaris West Kernan community will add 301 market-rate apartments to the Southridge submarket’s inventory of approximately 4,100 units.
VA Apartments Command $90M
HFF facilitated the sale of a six-story, 173-unit multifamily property in Ballston, on behalf of a joint venture between The Penrose Group and Clark Enterprises.
Cortland Partners Acquires Luxury Atlanta Portfolio
Home at The Battery Atlanta encompasses three communities—Parkside, The Residences and The Flats. The seller was a joint venture between Pollack Shores Real Estate Group and Braves Development Co.
Luxury Denver Community Receives $50M Loan
BMC Investments is developing its new luxury brand, the St. Paul Collection. The first phase, finished in June, totals 81 units and 11,000 square feet of retail.