Finance & Investment
Dominium Secures $96M for Twin Cities Affordable Housing
When completed, the former Weyerhaeuser lumber site in St. Paul, Minn., will include 241 units for seniors and 121 units for families.
Security Properties Nabs Puget Sound Apartments for $54M
The company, along with a university endowment, purchased Marq on Martin, a 248-unit property in Lacey, Wash.
HUD Approves $5B State Action Plan for Harvey
The Texas General Land Office will directly administer and oversee the programs associated with the Community Development Block Grant – Disaster Recovery funds.
Greystar JV to Expand London Student Housing Portfolio
The firm has partnered in a $461.6 million equity investment strategy along with PSP Investments of Canada and Allianz Real Estate to grow Chapter. The joint venture plans to add 10,000 beds in the next five years.
Dougherty Funding Lands $31M Financing
625 Development will consist of 122 apartments, two parking ramps and a 3,000-square-foot retail space. Reuter Walton Development serves as the general contractor.
Hilltop Residential to Acquire TX Apartments
Landmark of Conroe, a 200-unit garden-style community with a car wash, a basketball court and a pool, will receive capital for renovations.
Meridian Capital Group Arranges $46M for NJ Community
Castle Lanterra Properties’ property, called The Lena, in Raritan includes 224 units and fitness on demand, underground parking and an automated package system.
NorthMarq Multifamily Brokers 120-Unit NM Sale
The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.
Related, Rockpoint to Launch $2B Value-Add Program
The partnership will concentrate primarily on the Florida market but will also search for opportunities within other successful metros, including Atlanta, Phoenix and Dallas.
Franklin Street Facilitates $2M Miami Sale
Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.