Finance & Investment
American Landmark, Electra America Expand FL Portfolio
The joint venture acquired the 184-unit High Ridge Landing in Boynton Beach, which features a resort-style pool, a dog wash and a fitness center.
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
Manhattan Nursing Facility Lands Record $127M FHA Loan
KeyBank arranged the refinancing for the 499-bed Upper East Side Rehabilitation and Nursing Center. The funds will be used to pay off an interim acquisition bridge loan and $7 million in capital improvements.
Cleveland Luxury Property Receives $93M Refi
Bellwether Enterprise’s Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.
Metropolitan America Sells NJ Asset for $22M
Marcus & Millichap represented the seller and its Capital Corp. division arranged $19.8 million in acquisition financing for the 206-unit Robert Towers in East Orange.
HTG Secures Financing for Affordable FL Community
Located at 932 Freedom Way in Brooksville, Fla., the project will include four garden-style, mid-rise buildings featuring 32 one-, 28 two-, and 34 three-bedroom apartments.
DIJ Properties Grabs Dallas Community
The firm funded the acquisition of the 386-unit property with a seven-year, $13.9 million Freddie Mac loan originated by Berkadia.
PCS Development Completes AZ Community
The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.
Hunt JV Completes North FL Community
The 264-unit Sanctuary at 331 in Santa Rosa Beach broke ground in mid-2016, and offers a swimming pool, dog park and 3,700-square-foot clubhouse.
TX Student Housing Receives $28M Construction Loan
The 66-unit development is scheduled for completion by the 2019-2020 academic year and will serve students at the University of Texas at Austin.