Finance & Investment
Marcus & Millichap Brokers Sale of MN Asset
Led by Michael Glass, regional manager of the firm’s Minneapolis office, Evan Miller, Mox Gunderson, Dan Linnell and Josh Talberg of GLT Partners completed the $2.8 million transaction.
Lotus Capital Arranges $237M for London Apartments
Proceeds from the financing will pay off an existing construction loan and cover carrying costs for Belgravia Gate, a row of townhouses converted to 12 luxury units.
Coastal Ridge Buys TN Student Housing
Crowne at Campus Pointe is a 324-unit, 718-bed community in Knoxville serving the students of the University of Tennessee.
Crown Acquisitions Secures $50M CA Student Housing
College Square, a 486-bed community a mile from the UC Davis campus, includes furnished sundecks, a fitness center and laundry facilities.
Apartments Outperforming Other Assets, Says NMHC
According to a recent study, multifamily communities are outperforming most other commercial real estate property types, whether it be on a risk-adjusted or unadjusted basis, regardless of holding period, geographic region, metro size or growth rate. Here’s why.
Capital One Ups HTI Fannie Mae Credit Facility to $216M
The company served as the sole lender, providing a bridge to long-term agency financing for a 23-property senior housing portfolio across six states.
Affordable Senior Community in TX Lands $6M Refi
Love Funding has provided the FHA loan for the refinancing and rehabilitation of the 156-unit affordable community in Texarkana, which is restricted to tenants 55 and over.
Covenant Capital Flips 2 SC Assets
The transaction netted the seller nearly $45 million after the renovation and expansion of the communities in Greenville’s East and Overbrook submarkets.
JV Acquires Land for Senior Housing Project in Raleigh
The fourth and final 8.5-acre parcel of the St. Albans at Midtown development has traded for $3.9 million. The new owners are planning to use the site for the construction of a 189-unit retirement community.
Tax Reform Promises Mixed Impact on Housing Sector
The Tax Cuts and Jobs Act is the most monumental tax change in 30 years. What does it mean for multifamily?