Finance & Investment
TruAmerica Buys $91M CA Community
Pacific Shores, a 264-unit property in Huntington Beach, will receive renovations to the pool and spa area, dog park and fitness center.
Banner Refinances 224-Unit NC Property
The 224-unit Lincoln Apartments, located near Raleigh’s city center, was completed in late 2015 and was 92 percent occupied as of January.
Former MA Campus Building to Become Memory Care Facility
Benchmark Senior Living is developing the adaptive reuse and extension of a former Andover Newton Theological School campus building. The new memory care facility will incorporate 50 units.
2 Upstate NY Affordable Housing Properties Secure $21M
Riverside Charitable Corp. will acquire and rehabilitate Raymond Watkins Apartments in Sarasota Springs and John Guy Prindle Apartments in Ilion.
Bluerock Sells San Antonio Apartments via 1031 Exchange
A division of the firm purchased the 320-unit Class A community, which is located within The Dominion Country Club, last October.
HFF Arranges Financing for NC Mixed-Use
Williams Realty and Building Co. and Kane Realty Corp. are developing the Raleigh property, which will include 417 units, a supermarket, 5,340 square feet of retail space and 735 parking spots.
HFF Secures $115M Financing for VA Development
The company arranged the loan on behalf of Combined Properties Inc. for the development of Scout on the Circle, a 551,000-square-foot mixed-use project in Fairfax, Va.
Stellar Management Expands NYC Portfolio
The firm acquired a 42-unit building in Hamilton Heights, making it the owner of 37 percent of the residential properties along a five-block stretch of Broadway.
Expanding Workforce Housing Through Single-Family Investment
The Steinbridge Group CEO Tawan Davis discusses how his firm is carving a niche in the fast-growing sector and why this asset class represents an underrated target.
Dougherty Delivers Dallas Loan
Short-term bridge financing aided the purchase of Rosemont at Timber Creek, a 2002-built, 100-unit community that will be rebranded Beckley Townhomes.