Finance & Investment
2 Chicago-Area Senior Housing Assets Land $100M Recapitalization
The properties, situated in Naperville and Lincolnshire, total 1,071 units and include independent living, assisted living and skilled nursing components.
Greystar, Carlyle Group Buy WV Student Housing
The joint venture purchased The Domain at Town Centre, which includes 336 units and is located near West Virginia University and Fairmont State University.
Brick Lane Expands Richmond Presence With $25M Buy
BAF Associates sold the 348-unit Falling Creek Apartments, and HFF secured joint venture equity and debt financing.
LMS Trades Renovated AL Community
The 200-unit property traded for nearly $19 million. The buyer financed the purchase with a $15 million mortgage from Arbor Realty.
Praxis Expands Atlanta Presence
Crown Bay Group sold the 200-unit Flint River Apartment Homes after purchasing it in November 2016 for $8 million. This deal marks the buyer’s third acquisition in the area over the past year.
Grandbridge Real Estate Closes $31M Financing for MN Property
The company’s wholly owned subsidiary funded the non-recourse loan for Borealis, a 124-unit Class A property in Minneapolis’ North Loop.
Morgan Properties on Investment Trends
Senior Vice President of Operations Brent Kohere discusses what’s on his radar and the most important thing investors need to be aware of.
Atlas Real Estate Partners Acquires FL Property
The company purchased Pier 5350, a 400-unit community in Jacksonville, and plans to make green upgrades to the property.
Essential Living Completes ND Rehab Project
Park South Apartments is the first affordable housing community in Minot to be supported by the National Disaster Resilience.
Austin Trophy Tower Changes Hands
American Realty acquired Northshore, a 439-unit property with 52,083 square feet of retail and office space, from High Street Residential.