Finance & Investment
Multifamily Growth Prospects
NMHC’s new chair, Sue Ansel, outlines where more investment is needed for the industry to grow in the decade ahead in this month’s NMHC perspective.
Transactions: March 2018
The following is a list of transactions that were announced between December 2017 and Feb. 21, 2018.
Fairfield Obtains $66M for WA Luxury Development
The downtown Redmond community will comprise 360 high-end units, 36 of which will be income-restricted. Amenities include a fitness area, a Wi-Fi lounge with co-working space and a bicycle storage area.
Charleston-Area Community Changes Hands for $11M
DoUnto Partners sold The Forest at Fenwick, an 80-unit property in Johns Island, S.C. Kyle Chase, Neil Chrisp and Chris Yeagle of The Kirkland Co. brokered the deal.
Hunt Mortgage Arranges $5M for Philadelphia Asset
The firm arranged for a seven-year fixed rate loan on behalf of MM Equity Partners Philly for the acquisition of the 30-unit Reach Lofts.
OC Community Commands $417K Per Unit
Avison Young represented the new owner, Cameron Properties, in the $9.2 million deal; the seller, Brandywine Properties, was represented by CBRE.
Greystar Expands Denver Holdings
The firm purchased Waterford Place, a garden-style community in Thorton, Colo., with plans to renovate the property’s units and common areas.
MHN’s Top 5 February Posts
Miss out on any MHN stories in February? Here are five of our most popular articles for the month.
San Diego Community Lands $6.2M Refi
Situated in the heart of Little Italy, VIVO Little Italy is a seven-story property featuring a mix of studio, one- and two-bedroom floor plans.
True North Sells 512-Bed TN Community
The property, which also landed new management, offers a mix of one- to four-bedroom student apartments near Middle Tennessee State University.