Finance & Investment
AndMark, Trinity Increase GA Footprints
The property, which contains a 115-unit mix of one- and two-bedroom apartments, sits on 18.3 acres approximately 10 miles south of Macon.
Talonvest Secures $7M Acquisition Loan
The firm arranged the loan on behalf of Multifamily Investment Partners for a 42-unit community in Van Nuys, Calif.
PAC Sells $43M Suburban Raleigh Asset
Built in 1997, the 328-unit Lake Cameron was the oldest property in the company’s portfolio, having most recently traded in 2006 for just above half the current price.
HFF Arranges Recap of OR Community
HFF Senior Managing Director Ira Virden and Director Carrie Kahn were part of the investment advisory team overseeing the recapitalization of the 208,247 square feet property.
Greystone Sells Stake in FL Community
Alta, property’s co-developer, acquired the remaining residential stake in 2500 Biscayne Blvd. in Edgewater, which includes 156 units.
Tampa Bay Development Receives $35M Loan
DevMar Development received the mortgage to construct The Vantage, a 211-unit property in the Edge district of St. Petersburg.
Multifamily Strength, Affordability Issues to Persist in 2018: Freddie Mac
David Brickman, head of the GSE’s multifamily mortgage business, offered his 2018 industry outlook at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego.
Alpha Wave Investors Acquires Tucson Asset
Orange Tree Village, a 110-unit property in the Casas Adobes neighborhood, was acquired in an off-market transaction for $10.5 million.
Vegas Apartments Change Hands in $60M Deal
Hamilton Zanze and Cantor Fitzgerald acquired the 426-unit Arrow Canyon, which includes a bocce ball court, a putting green and covered parking.
Tryko Partners Buys Philly-Area Skilled Nursing Facility
The 129-bed facility, located next to the Fitzgerald Hospital in Yeadon, Pa., provides post-hospital care, short-term rehab and long-term residential care.