Finance & Investment
DIJ Properties Grabs Dallas Community
The firm funded the acquisition of the 386-unit property with a seven-year, $13.9 million Freddie Mac loan originated by Berkadia.
PCS Development Completes AZ Community
The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.
Hunt JV Completes North FL Community
The 264-unit Sanctuary at 331 in Santa Rosa Beach broke ground in mid-2016, and offers a swimming pool, dog park and 3,700-square-foot clubhouse.
TX Student Housing Receives $28M Construction Loan
The 66-unit development is scheduled for completion by the 2019-2020 academic year and will serve students at the University of Texas at Austin.
MWest Holdings Expands SoCal Footprint
The company has added to its portfolio Sunset Gardens, a value-add townhome community located in Canoga Park, Calif. The property will be rebranded as NoVa Townhomes.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Manufactured Property Receives $16M Refi in Kansas City
Lakeview Terrace, a recently renovated community comprising affordable mobile homes, has received $16 million in refinancing through Freddie Mac.
Eyzenberg & Co. Arranges Financing for Chicagoland Community
The owner, a joint venture between Auerbach Funds and Sinatra & Co. Real Estate, will use the money to pay off initial acquisition loan and continue renovation work.
Arbor Refinances Michigan Student Housing Community
Glenwood Apartments in East Lansing, Mich., obtained a fixed-rate loan with a 35-year term. The owner, DTN Management, purchased the student housing community in 2006.
WNC Completes Reno, Expansion of Louisiana Community
The company rehabilitated all the units of an affordable property in Arcadia and built 25 additional apartments. Construction work took roughly nine months to complete.