Finance & Investment
Townsend Group Secures 2 in Atlanta Suburb
The company acquired ARIUM Kennesaw and ARIUM Kennesaw Villas, totaling 524 units. Carroll Organization purchased the properties in 2015 as part of Carroll Multifamily Real Estate Fund III LP.
Ft. Lauderdale Class A Asset Trades for $53M
Urban Street Development and Fazio Properties recently completed 191-unit luxury community, which is in the city’s urban core. The property was 95 percent leased at the time of the sale.
JV Lands Equity, Construction Financing for Brooklyn Development
Lonicera Partners and Orange Management secured the $42.1 million, which was facilitated through JLL’s capital markets group, for a mixed-use luxury condo building.
Impact Seven, Rule Enterprises Start Milwaukee Affordable Community
The new $12.2 million development will consist of 60 units open to military veterans and working families. On-site support services will also be provided.
Aimco Acquires $160M VA Community
Bent Tree is located in Fairfax County, 25 miles west of downtown Washington, D.C. The property features 758 one-, two- and three-bedroom units.
HFF Secures Financing for 2 Dallas Assets
Greystar is developing two residential projects in North Dallas, including a 180-unit luxury townhouse property and a 197-unit age-restricted community.
Walker & Dunlop Secures $34M HUD Loan for VA Community
Dwight Dunton III of Bonaventure Realty Group and Philip Roper III bought Meridian Parkside in 2016. The financing will be used to pay off a portion of the ownership’s assumed debt.
Beachwold Sells 2 MD Properties
Greysteel facilitated the deal for Largo Center and Vistas at Lake Largo, both located in Upper Marlboro.
Hunt Mortgage Provides $31M for Phoenix Property
KB Development’s Mountain Park Apartments is a garden-style community with 240 units and offers access to the recreational facilities at the nearby Mountain Park Ranch Home Owners Association.
Student Housing Investment in 2018
Jaclyn Fitts, CBRE’s director of national student housing, spoke with MHN about the types of markets and financing sources that will be most popular for the sector this year.