Finance & Investment
HFF Secures JV Equity for 255-Unit CO Project
Senior Director Mark Erland, Managing Director Josh Simon, along with Directors Matthew Benson and Leon McBroom, worked on behalf of the developer, Price Development Group.
Mogharebi Completes Sale of LA Community
Loma Vista Apartments, located in the Pacoima neighborhood of Los Angeles, changed hands for nearly $11 million. Mogharebi represented the seller and the buyer in the deal.
Affordable Community to Replace Former MA Mill
MassHousing closed on $17.1 million in financing for the development of a 102-unit affordable housing community in Lawrence, involving the preservation of a former industrial property and remediation of a brownfield site.
Collier Cos. Sells Tampa Bay Community for $30M
Marcus & Millichap worked on behalf of the seller in the disposition of Lakeside Apartment Homes, a 228-unit asset in Brandon, Fla.
Lighthouse Grabs $13M Nashville Community
The 14-building property sits within five miles of downtown and offers a range of one-, two- and three-bedroom units. SVN | AVAT Realty Senior Advisor Andrew Agee brokered the deal.
American, British Firms Partner to Develop Student Housing
Harrison Street Real Estate Capital and Crossland Property Group will develop four projects totaling 1,267 beds in regional U.K. university cities.
Berkadia Secures $37M Financing for WA Community
Senior Director Rob Affleck arranged the construction loan for the project, slated for completion in 2019, through a HUD program.
HFF Closes $20M Sale of Delaware Portfolio
The adjacent Alder Park and Pine Grove apartment communities in Dover, Del., are located roughly 83 miles from central Philadelphia and comprise a total of 311 units.
JV Secures $707M for Student Housing Portfolio
Walker & Dunlop structured a Fannie Mae credit facility with a mix of fixed- and floating-rate loans for the joint venture’s purchase of 24 student housing properties.
KeyBank Delivers $161M for Age-Restricted Portfolio
Structured in a variety of ways, the Fannie Mae funding refinances 13 age-restricted housing properties totaling 1,500 units in four states.