Finance & Investment
CT Community Lands $53M Refi
The 468-unit Broadmoor Apartments in Hamden received a 10-year refinancing loan, arranged by Meridian Capital Group.
Economy Watch: Tax Credit-Financed Multifamily Performing Well
Multifamily communities financed by the federal government’s LIHTC program are operating better than in any period during the program’s history, according to a recent CohnReznick report.
Security Properties Closes Denver Community Recap
The 120-unit affordable property in Commerce City is slated for renovations, which will include the addition of a fitness center, computer lab and laundry room.
South Bay Luxury Community Sells for $107M
TH Real Estate has acquired a newly constructed 186-unit asset located in Santa Clara, Calif. Designed by KTGY Architecture + Planning, the property came online in the spring of 2017.
Colliers Sets Records in Sale of 2 Seattle Assets
Both the 23-unit Pomelo Heights and The Willet, comprising 20 small efficiency dwelling units, sold for some of the region’s highest prices per square foot.
JB Matteson Buys $53M Seattle Property
Built in 2017, Origin Apartments in the Lake City area includes 153 units. The transaction marks the addition of the company’s fifth asset in the city.
Fort Myers Community Lands $41M Loan
Located at 4930 US Highway 41, in the Cleveland Avenue Redevelopment Area, Grand Central Apartments will comprise a total of 280 one- and two-bedroom units.
Eastern Consolidated Arranges $350M Loan for NY Condos
JD Carlisle Development Group and Fosun International are building a 66-story luxury property in Manhattan. Adam Hakim, James Murad and Andrew Iadeluca secured the financing for the project.
Dominium Lands Refi for Atlanta Multifamily Property
The 128-unit fully affordable community sits 20 miles west of the city and offers a mix of two- and three-bedroom apartments.
JV Sells Luxury MD Property to BlackRock
Built in 2015, the Flats at Bethesda Avenue offers 162 units and 40,000 square feet of retail space.