Finance & Investment
Suburban Atlanta Senior Community Changes Hands
Village Park Senior Living has sold the 127-unit Village Park at Alpharetta, a newly constructed property offering independent and assisted living as well as memory care units.
Dallas-Area Property Receives $47M Construction Loan
The 308-unit Tower Bay Lofts will be built using Federal Housing Administration financing. The project obtained a “residential” wage decision, resulting in significant savings for the developer.
Planned Durham-Area Project Lands $17M Loan
Trez Forman CEO Brett Forman originated the loan, which will help the borrower in the acquisition of a 138-acre parcel slated for the construction of an 880-unit property.
Kidder Mathews Arranges Sale of San Diego Coastline Community
The company’s Merrick Matricardi, Jim Neil and Eric Comer worked with ACRE on behalf of the buyer. The oceanfront property is one of the few of its kind in the county.
Baltimore Affordable Senior Property Lands $33M HUD Loan
National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.
Luxury Multifamily Community Receives $40M Loan
KeyBank Real Estate Capital has originated a Fannie Mae for Peyton Stakes in Nashville, Tenn. The 249-unit property was built in 2017.
Kennedy Wilson Sells $422M Portfolio
The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.
Colorado Springs Portfolio Trades for $102M
Nexus Commercial Realty closed on the sale of seven apartment buildings that include a total of 1,178 B and C class multifamily units.
MN Affordable Housing Secures $16M
Real Estate Equities’ Eastgate Apartments in Rochester, the site of a former dance club, will include 135 units.
Hunt Mortgage Secures $17M for 3 CA Properties
The communities, all in Bakersfield, include 200-unit Village Lane Apartments, 46-unit River Oaks Apartments and 224-unit Park Villa Apartments.