Finance & Investment
NoVa Skilled Nursing, Rehab Center Sells for $13M
The Mount Vernon Nursing & Rehab Center, located south of downtown Washington D.C., encompasses 69 rooms and 130 licensed beds.
PAC Invests in Northeastern Atlanta Asset
Completed in 2016, the 14-building, 310-unit community in Tucker is close to Northlake Mall. The transaction involved a $39.7 million loan.
Houston Asset Lands $36M Refi
Nottingham Village is a two-story property featuring two-, three- and four-bedroom units spread across a 16.4-acre site. The owner plans to renovate the community.
TruAmerica Acquires $50M FL Community
The company is planning to invest $4 million in capital improvements to Astor Park, a 368-unit community in Winter Springs.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Walker & Dunlop Provides Financing for Dallas Property
The company supplied a Fannie Mae Green Rewards loan for Las Terrazas, a 230-unit community that features tennis courts, a pool and a picnic area.
Fannie Mae Expands Green Lending, Housing Innovation Platforms
Jeffery Hayward, executive vice president & head of Fannie Mae’s multifamily mortgage business, sat down with MHN at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego to provide an industry-wide outlook and discuss the GSE’s new initiatives for 2018.
Money for Modernization
Lenders and sponsors find innovative solutions to financing upgrades at newly acquired properties.
Multifamily Growth Prospects
NMHC’s new chair, Sue Ansel, outlines where more investment is needed for the industry to grow in the decade ahead in this month’s NMHC perspective.
Transactions: March 2018
The following is a list of transactions that were announced between December 2017 and Feb. 21, 2018.