Finance & Investment
Orion Acquires Austin Community
CBRE arranged a 10-year fixed rate loan through the Fannie Mae Green Financing program for the acquisition of the 199-unit property.
Phase 2 of CO Community Lands $14M Financing
Hampton Partners’ Outlook Ridge II in Pueblo, Colo., will add a five-building, market-rate community to the existing 92-unit luxury development.
Philly Community Aimed at Millennials Lands Financing
Located in a walkable neighborhood and close to art galleries and event venues, the project is slated to include a 5,500-square-foot commercial component.
Marcus & Millichap Arranges Sale of 158 units of Park Village
The community, located in Largo, Fla., consists of 160 units, 158 of which traded for $20 million, or $130,000 per unit. The firm represented both the buyer and seller.
BLVD Capital Acquires $26M Affordable Housing Portfolio
The two affordable housing properties in Chicago contain more than 300 units and are located near major highways and public transportation options.
Top CEOs Weigh In on 2018 Prospects
At NMHC’s annual outlook conference, three leading executives paint a complex picture highlighted by substantial runway, moderating growth and a red flag or two.
Chicago Buyers Expand into Las Vegas Market
Oak Residential Partners and POB Capital have acquired 252-unit Avenue Apartments in Henderson, Nev. The deal marks both buyers’ entry into the market.
Warm Springs Management Acquires Denver-Area Community
The 58-unit garden community traded for $10.8 million. The new owner financed the acquisition using a Freddie Mac conventional loan.
Terra Group Lands $57M for Pines City Center
The company’s 47-acre mixed-use development in Pembroke Pines, Fla., will include an apartment component comprising 387 market-rate units.
WWC Expands Footprint in San Antonio
The investor acquired its third multifamily community in the metro. The community is located in northeast San Antonio, within a five-mile radius of approximately 133,500 jobs.