Finance & Investment
Fort Lauderdale Asset Secures $85M
A joint venture obtained the construction loan for 4 West Las Olas, a planned 260-unit riverfront rental community in Florida.
JV Acquires $200M AZ Development
Optima and Principal Real Estate Investors have procured phases I and II of Optima Sonoran Village Scottsdale. The partnership plans to develop phase III, which will feature a seven-story tower offering 176 apartment homes.
Campus First Grabs FL Student Community
The recently opened Class A property, located within one mile of University of Florida and numerous retail options, traded for $43.9 million.
Inland Buys Suburban Denver Apartments
Ashford East 88, a 322-unit property in Thornton, Colo., includes an indoor/outdoor swimming pool, a dog park and a playground.
Chicago’s Hartman Building Lands $45M Financing
Walker & Dunlop arranged the construction loan through HUD. The funds will go into turning the office building into a multifamily property.
NorthMarq Capital Arranges $20M for St. Louis Community
Hibernia Apartments, a 100-unit property, includes a 16,000-square-foot ground-floor retail space that will be filled by a grocery store.
FL Senior Community Receives $45M Financing
Trez Forman arranged the construction loan for a 309-unit maintenance-free asset in Venice, Fla., dubbed The Floridian Club.
Legacy REI Group to Buy Dallas-Area Community
Dougherty Mortgage teamed up with Old Capital Lending to arrange the acquisition financing of Sierra Point, a 212-unit market-rate community in Irving, Texas.
TX Community Lands Fannie Mae Refi
Dougherty Mortgage arranged the financing for Tribecca Pointe Apartments, a 178-unit property in Hurst, Texas. The 12-year loan has a 30-year amortization schedule.
Quantum Capital Secures $55M for 2 CA Developments
Working on behalf of The Robhana Group, the firm arranged a $16.5 million construction loan for a mixed-use apartment community in downtown Walnut Creek.