Finance & Investment
Multifamily Strength, Affordability Issues to Persist in 2018: Freddie Mac
David Brickman, head of the GSE’s multifamily mortgage business, offered his 2018 industry outlook at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego.
Alpha Wave Investors Acquires Tucson Asset
Orange Tree Village, a 110-unit property in the Casas Adobes neighborhood, was acquired in an off-market transaction for $10.5 million.
Vegas Apartments Change Hands in $60M Deal
Hamilton Zanze and Cantor Fitzgerald acquired the 426-unit Arrow Canyon, which includes a bocce ball court, a putting green and covered parking.
Tryko Partners Buys Philly-Area Skilled Nursing Facility
The 129-bed facility, located next to the Fitzgerald Hospital in Yeadon, Pa., provides post-hospital care, short-term rehab and long-term residential care.
JV Closes Financing for VA Waterfront Community
Located in Alexandria’s historic Old Town neighborhood, the property will feature three condominium buildings, 26 townhomes, additional ground-floor retail and a renovated pier.
American Landmark Snags 1st Ft. Lauderdale Community
The firm plans on rebranding the 2002-built Sheridan Lake Club as Beach Walk at Sheridan and investing $4.2 million in property improvements.
Waypoint Residential Acquires 2 Student Housing Properties
The company secured Social at Auburn, an 844-bed property near Auburn University in Alabama. The company also acquired Rockland West, a 500-bed community near the University of Kansas at Lawrence.
Stepp Commercial Completes $10M CA Sale
Waterford Residential acquired a four-story, 36-unit Long Beach community near the Recreation Park Golf Course, Bluff Park and Alamitos, Junipero and Peninsula beaches.
FLF Holdings Buys FL Asset for $111M
The firm has received $76 million in financing for the acquisition of a 900-unit property in Bradenton. The 10-year, fixed-rate loan was secured through Freddie Mac’s CME program.
PCCP Provides $24M for NV Community
The Calida Group plans to renovate Hampton Garden in Summerlin-Spring Valley, a Las Vegas submarket. The 18-year-old property includes 180 units in 16 buildings.