Finance & Investment
Dougherty Arranges Acquisition Loan for Dallas-Area Community
Dougherty Mortgage teamed up with Old Capital Lending to secure a 12-year term loan for the acquisition of Colonial Arms, a 123-unit community in Waco, Texas.
JV Grabs Denver Community for $66M
Constructed in 1977, the 418-unit multifamily property in the city’s Arapahoe-Southwest submarket features a mix of studio, one- and two-bedroom apartments.
Northern FL Community Changes Hands
The 48-unit Tallahassee asset is located in the Providence neighborhood, half a mile from the city’s Innovation Park, and last traded more than a decade ago.
Quantum Capital Arranges $25M for LA Student Housing
City Park Apartments is near the University of Southern California and features 130 units and a subterranean parking garage.
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.
Jamestown Snags The Ellington for $119M in DC
Situated in the historic U Street neighborhood, the property features 190 residential units and an additional 16,760 square feet of retail.
The DSF Group Sells Boston-Area Community for $76M
Located in the eastern part of Worcester County, Halstead Westborough provides a total of 280 units, spread across 13 residential buildings.
2018 NYC Investment Predictions: Douglas Elliman
Team leader Yair Tavivian discusses the up-and-coming New York neighborhoods, as well as the biggest surprises of last year and how he sees them playing out.
JV Buys 240-Unit AZ Community
Continental Realty Advisors and GTIS Partners acquired San Palmas at Mission Park in Chandler. The property includes 30 two-story buildings and a clubhouse, a fitness center and a volleyball court.
HFF Arranges $96M for DC Development
EastBanc’s 176-unit property will feature a courtyard, rooftop pool and cafe. Groundbreaking is slated for early 2019.