Finance & Investment
Meridian Arranges Financing for NY Assisted Living Property
The 200-bed New Broadview is located next to the Verrazano Bridge on Staten Island, and provides assisted living and nursing services.
Nashville Asset Lands $31M HUD Loan
LSA Capital will begin extensive renovations to Haynes Garden Apartments, a 208-unit affordable housing property with 17 buildings.
Cortland Partners Nabs Orlando Property for $59M
Situated in one of the city’s fastest-growing submarkets, the 288-unit asset is LEED-certified and was recently rebranded.
Phoenix Asset Commands $90M
Western Wealth Capital has acquired Carlyle at South Mountain, a 360-unit and 192-townhome asset. The transaction represents the company’s largest deal to date.
RI Property Lands $13M
EagleBridge Capital arranged financing for 95 Lofts, located in the Knowledge District of downtown Providence. The community includes 59 residential units and 2,500 square feet of retail.
Affordable Housing Coming to Portland
The 88,000-square-foot project will include 203 units and nearly 30,000 square feet of ground-floor retail space. The Oregon community is slated to open in 2019.
Atlanta Community Changes Hands for $19M
Berkadia brokered the sale of Azalea Ridge, a 281-unit property, and secured a $14.3 million acquisition loan through Freddie Mac.
Pathway to Living Acquires MI Senior Housing
Elmcroft of Kentwood in Kentwood includes 69 assisted living and 12 memory care units. The company will undertake a capital improvement program that will include upgrading interiors and adding additional spaces to support a wellness-focused lifestyle for residents.
2018 MBA CREF/Multifamily Housing Conference Coverage
Mortgage Bankers Association members convened in San Diego to learn and network at the CREF/Multifamily Housing Convention & Expo. Read our 2018 coverage below.
Hunt Provides $19M for Tucson Property
About 65 percent of residents living at The Ledges at West Campus are students. The community, which provides immediate access to three college campuses, is set to undergo further upgrades.