Finance & Investment
Partnership Begins Work on Denver Affordable Housing Project
Gorman & Co., UnitedHealthcare and its partners have broken ground on The Elisabetta, a $27 million development that will include 12,500 square feet of commercial space.
Bainbridge Opens 200-Unit Luxury Community in Raleigh
Bainbridge Lake Crabtree is situated in Morrisville, N.C., within minutes of Research Triangle Park, and features a mix of one-, two- and three-bedroom floorplans.
Bascom Group Nabs CA Property for $33M
The company plans to renovate the 123-unit Sunset Cove Apartments, a 48-year-old infill community in Costa Mesa.
Adaptive Reuse Sparks Opportunity in Detroit
Developers and investors showed attendees at the 2018 ULI Spring Meeting how they are converting vacant or obsolete properties into new uses to spur further investment in the city.
Kalterra Capital Lands $26M Construction Loan
The firm will use the financing to build a 213-unit market-rate community in the Dallas suburb of Waxahachie, Texas.
Dougherty Secures Acquisition Loan in North Dallas
The company arranged the 12-year term Fannie Mae loan in partnership with Old Capital Lending. The financing features a 30-year amortization schedule.
Promoting Integration at Mixed-Use, Mixed-Income Communities
Multifamily developers and investors at the 2018 ULI Spring Meeting discussed their solutions and strategies for making mixed-income/mixed-use developments more scalable, as well as the challenges they face along the way.
L5 Investments Buys Suburban Seattle Property for $15M
Montrose Apartment Community in Burien, Wash., includes 97 units, a fitness center, a pool and a playground.
WA Property Lands $11M Freddie Mac Refi
Completed in 2017, The Commons at Innovation Center is part of the Tri-Cities Research District in Richland and comprises 150 units.
JV Lands $110M for GA Community
Mesa West Capital provided the five-year, floating-rate loan to KKR and Carter-Haston for the off-market acquisition and stabilization of Juncture, a 560-unit property in Alpharetta.