Finance & Investment
CBRE Brokers $93M Denver Community Sale
Dan Woodward, David Potarf and Matthew Barnett worked on behalf of the seller, a joint venture of TruAmerica Multifamily and Investcorp.
Miami Beach Community Lands $5M Loan
Eastern Union Funding arranged the financing for the acquisition and conversion of a 12-unit building into 18 short-term rental apartments. BridgeInvest provided the loan.
Burlington Capital Sells FL Portfolio for $37M
The portfolio included the 240-unit Lake Forest Apartments and the 144-unit Jade Park, two communities located side by side in Daytona Beach. Marcus & Millichap brokered the deal.
Passco Cos. Nabs SC Asset for $48M
The Lively at Carolina Forest in Myrtle Beach is a class A+ property that contains 305 units, a beach house, a saltwater pool and a fire pit area.
South Florida Beachfront Ultra-Luxury Condo Gets $558M
The Estates at Acqualina received the construction financing from Bank OZK, allowing The Trump Group to continue development of the $1.5 billion oceanfront condo tower project in Sunny Isles Beach.
Freddie Mac Re-Enters LIHTC Market
A new fund co-sponsored by the GSE and Enterprise Community Investment Inc. will target underserved areas with as much as $100 million in capital.
Wildhorn Capital Nabs 2 San Antonio Communities
Bitterwood Ranch Apartments and Fifth Avenue Apartments have 388 units, which brings the company’s total to 830 units acquired in the area over the past year.
Orlando Assisted Living Development Lands Recap
Stonegate Development secured a $2.1 million bridge loan from LV Lending to refinance an upcoming 90-unit, Class A community close to Lake Nona.
CBRE Secures $33M Acquisition Loan for SC Community
Vice Presidents Nate Sittema and Kristen Reilley represented the buyer in the transaction. The Apartments at Brayden is a recently built asset southeast of Charlotte, N.C.
Beacon Communities Completes First Phase of $30M Rehab Project in NY
Martin Luther King Apartments, an affordable housing property in Troy, is undergoing extensive renovations under Housing and Urban Development’s Rental Assistance Demonstration program.