Finance & Investment
GSE Outlook Stays the Course
After breaking records in 2017, Fannie Mae and Freddie Mac advance affordability and sustainability programs and anticipate comparable volume this year.
Transactions: June 2018
The following is a list of transactions that were announced between March 30 and April 20, 2018.
ARA Newmark Brokers Record-Setting Deal
Director Robert Bratley and Associate Director Marcus Griffin facilitated the $12 million sale of the boutique apartment building in downtown Denver’s Capitol Hill neighborhood.
Atlanta Investor Expands in San Antonio With Foreign Funds
Benimax increased its San Antonio footprint with the acquisition of its second multifamily property, in a deal arranged by ARA Newmark.
Walker & Dunlop Secures $82M for 2 in Metro Dallas
Madera Residential, owner of the assets in Garland, Texas, will reposition the 35-year-old properties. A major selling point for prospective residents: proximity to Bayside, a $1 billion master-planned, resort-style development.
$204M Chinese Project Attracts US, German Capital
Century Bridge Capital and Deutsche Finance Group are investing in the 1,427-unit community, which will be located in Xuzhou, a northeastern gateway city between Beijing and Shanghai.
Marquette Cos. Scores $56M for Chicagoland Deal
HFF facilitated acquisition financing for Willow Creek, a 14-building community in Elk Grove Village, Ill. Calling the property “a diamond in the rough,” Marquette plans extensive upgrades.
Greysteel Arranges Trade of Dallas-Area Community
Managing Directors Doug Banerjee and Boyan Radic, Senior Investment Associate Andrew Mueller and Investment Associate Andrew Hanson negotiated the sale of the 281-unit property.
Portland-Area Community Lands $26M Loan
Alden Apartment Homes, a 210-unit property in Tualatin, Ore., has received a permanent, fixed to float loan, secured by Grandbridge Real Estate Capital.
CBRE Brokers Sale, Financing of 171-Unit Affordable Asset
The Seattle-area community traded for $18.9 million. Tim Flint worked on behalf of the seller in the transaction, while Jim Flinn secured acquisition financing.