Finance & Investment
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
Manhattan Condo Project Secures $72M
Highline Development Group’s property, 550 W. 29th Street, includes 19 units and more than 5,000 square feet of retail or gallery space.
HFF Arranges $133M Financing for 3 Bay Area Communities
The portfolio consists of the 158-unit Russell, the 70-unit Quimby and the 108-unit Field House, all in San Mateo.
LA Community Sells for $24M
HFF brokered the sale of Infinity West, a 43-unit property located in West Hollywood, on behalf of the seller, Bolour Associates.
Sterling Real Estate Snaps Up Austin Asset
A joint venture between Barker Pacific Group and Pacific Real Estate Partners has acquired the 230-unit Spring Valley Apartments.
Waypoint Residential Nabs 4 Midwestern Properties
The company’s acquisitions include three market-rate communities in Chicago and Columbus, Ohio, and a student housing asset near the University of Kansas in Lawrence, Kan.
Zavala Capital Expands Atlanta Footprint
Jake Reid and Roger Schoerner of Franklin Street Real Estate acted on behalf of the seller in the $9.7 million transaction.
TX, AZ Affordable Senior Properties Land $18M Financing
Bellwether Enterprise arranged the complex financing for three age-restricted communities located in Kingman, Ariz., and Austin, Texas, using LIHTC and HUD funding.
Pennrose Debuts NJ Senior Redevelopment
The 62-unit independent living community is a $25 million adaptive reuse and historic renovation and adaptive reuse of the Roosevelt hospital, built in 1937.
Alden Street Capital Nabs TX Student Housing Community
Built in 2002, Dakota Ranch comprises 316 beds and serves students attending Texas State University. CBRE arranged the sale and financing of the 17-acre property.