Finance & Investment
CBRE Brokers $18M Sale of Seattle Community
Remi Apartments, located near Lake Union in the Eastlake neighborhood, features 34 residential units and 5,238 square feet of ground-floor retail.
Miami-Area Community Receives $32M Take-Out Loan
Berkadia arranged the 12-year loan through Fannie Mae. The community, completed in 2017, is located near the Ronald Reagan Turnpike and Homestead Air Reserve Base.
The Williams Co. Secures $18M for Knoxville Asset
The new financing package will enable the company to update the 198-unit property and pay off $16.5 million in existing debt.
CA Senior Community Lands $10M in Construction Financing
Vine Ridge is an upcoming 51-unit, 42,000-square-foot assisted living community located along the Russian River in Sonoma County.
TX Property Secures $21M
Arbor Realty Trust provided a two-year adjustable bridge loan for the Breeze at Lake Barbara, a 520-unit property in Clute.
Hunt Mortgage Refinances NC Property
Alexander Pointe Apartments is a 120-unit garden-style community in Mebane that includes a swimming pool, business center, clubhouse, putting green and dog park.
How Late-Cycle Risks Impact Multifamily Financing
In an exclusive interview, PGIM Real Estate Finance Principal Brian Salyards discusses how competition and volatility are impacting the debt market.
WA Affordable Community Changes Hands for $19M
The 164-unit College Glen Apartments is an affordable community located in Thurston County, an area experiencing one of the highest rent growths in the region.
Harbor Goup Sells $25M MD Community
Annen Woods is located near the Baltimore Beltway and includes 131 units across 11 three-story buildings. The new owner is planning to upgrade 90 apartments and several common-area amenities.
TX Portfolio Sells for $317M
Institutional Property Advisors has facilitated the sale of 12 multifamily properties across the state totaling 3,699 units.