Finance & Investment
How Late-Cycle Risks Impact Multifamily Financing
In an exclusive interview, PGIM Real Estate Finance Principal Brian Salyards discusses how competition and volatility are impacting the debt market.
WA Affordable Community Changes Hands for $19M
The 164-unit College Glen Apartments is an affordable community located in Thurston County, an area experiencing one of the highest rent growths in the region.
Harbor Goup Sells $25M MD Community
Annen Woods is located near the Baltimore Beltway and includes 131 units across 11 three-story buildings. The new owner is planning to upgrade 90 apartments and several common-area amenities.
TX Portfolio Sells for $317M
Institutional Property Advisors has facilitated the sale of 12 multifamily properties across the state totaling 3,699 units.
Berkeley Point Provides $19M for FL Property
Bridgewater Place Apartments in Oakland Park includes 312 units, a fitness center, a swimming pool and energy-efficient appliances.
Hopkins Holding Acquires GA Student Housing
Capital One provided a $19.3 million Fannie Mae loan for the firm’s purchase of The Blake, a 270-bed community in Savannah.
Boston Financial Closes $145M LIHTC Fund
The financing covers properties in 11 states, and includes 2,800 units of affordable housing for 11 multifamily and six senior communities.
Gelt Buys 491-Unit Seattle Portfolio
The seller, FPA Multifamily, recently renovated interior and exterior amenities, including the clubhouse, the fitness center and the parking lot of both properties.
ABI Multifamily Brokers Sale of 110-Unit AZ Asset
A partnership between MJW Investments and Tide Equities plans to rebrand the recently renovated Tempe property, which comprises a total of 97,890 rentable square feet.
Hunt Mortgage Arranges $9M Loan in VA
Geller Associates acquired Lee’s Landing in Newport News and will improve the community in order to qualify for the Fannie Mae green rewards program.