Finance & Investment
AMLI Looks at Trends in the Multifamily Industry
Phil Tague, president of the residential division, talks live/work/play developments and the growth of sustainability, as well as some things that surprised him this year.
Passco Buys FL Asset for $78M
The company acquired Springs at Bee Ridge in Sarasota, Fla. from Continental Property, and plans to rebrand the community as Longitude 82°.
3 Reasons to Invest in Class B Assets
Jay Eisner of LEM Capital details the value proposition of upgrading properties to improve the resident experience without inflating rents.
Bascom Group Acquires Denver Community for $93M
The company secured the 275-unit Modera at Observatory Park Apartments from Mill Creek Residential, which will remain the property manager.
American Landmark, Electra America Expand FL Portfolio
The joint venture acquired the 184-unit High Ridge Landing in Boynton Beach, which features a resort-style pool, a dog wash and a fitness center.
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
Manhattan Nursing Facility Lands Record $127M FHA Loan
KeyBank arranged the refinancing for the 499-bed Upper East Side Rehabilitation and Nursing Center. The funds will be used to pay off an interim acquisition bridge loan and $7 million in capital improvements.
Cleveland Luxury Property Receives $93M Refi
Bellwether Enterprise’s Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.
Metropolitan America Sells NJ Asset for $22M
Marcus & Millichap represented the seller and its Capital Corp. division arranged $19.8 million in acquisition financing for the 206-unit Robert Towers in East Orange.
HTG Secures Financing for Affordable FL Community
Located at 932 Freedom Way in Brooksville, Fla., the project will include four garden-style, mid-rise buildings featuring 32 one-, 28 two-, and 34 three-bedroom apartments.