Finance & Investment
LIV Development Offloads FL Asset
The buyer, Myers Apartment Group, picked up the newly built 260-unit property for more than $50 million prior to the asset’s stabilization.
Rising Interest Rates: The Calm Before the Storm?
The Federal Open Market Committee announced the second short-term interest rate hike this year, prompting industry professionals to give their take on the possible effects this might have on the lending process.
Fogelman JV Expands Southeast Portfolio
In conjunction with Thackeray Partners, the firm purchased Legends at Charleston Park in Charleston, S.C., and Westridge in Jacksonville, Fla., for a total of $67 million.
MD Multifamily Buyer Lands $34M Financing
The first mortgage bridge loan provided by Hunt Real Estate Capital financed the acquisition and planned renovations of a 208-unit community in Pikesville, Md.
Pensam Trades San Antonio Community
Triago Ventures financed the acquisition of the 288-unit multifamily value-add property with a $25 million loan originated by Walker & Dunlop.
Gladiator Enters the Ring in SC
The firm acquired the 272-unit community in Columbia from RealSource for nearly $25 million, with the new owner taking a $14.2 million Freddie Mac acquisition loan.
Walker & Dunlop Structures $54M in Financing for FL Portfolio
The lot includes five garden-style properties and 1,104 units in Jacksonville. The communities feature pools, fitness centers and leasing centers.
An Insider’s View of the Student Housing Business
Campus Advantage’s Michael Orsak and Josh Greenleaf discuss the best markets to invest in and their expectations from the sector going forward.
Brooklyn Tower Lands $380M Refi
Natixis arranged the loan on behalf of Douglaston Development for Level BK, a 40-story property located along the Williamsburg waterfront. Luxury amenities include an indoor/outdoor pool, a 24-hour business center and a furnished roof deck.
Avoiding the Hazards: Conquering Renovation Hurdles
Being aware of potential issues during this process can help make or break your efforts when it comes to updating a community. Here are four tips to keep in mind while implementing a capital improvements plan.