Finance & Investment
Stamford Community Commands $67M
TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.
Westmount Realty Capital Hooks Houston’s Copper Mill
Renovations are planned for the 34-year-old garden-style community, which is currently 98 percent occupied.
Orlando Asset Lands $54M Financing
CBRE negotiated the loan on behalf of Unicorp National Developments Inc. for a 346-unit multifamily community in Windermere, Fla.
DFW Market-Rate Community Lands Refi
SevenSeas Holdings II closed a $6.8 million loan for the refinancing of Avanti on Central in Bedford, Texas. Dougherty Mortgage and Old Capital Lending negotiated the Fannie Mae loan on behalf of the borrower.
Cleveland-Area Community Lands $25M Fannie Mae Loan
Located in Willowick, Ohio, Shoregate Towers features 404 units. Dougherty’s Minneapolis office arranged the 15-year loan with a 30-year amortization schedule.
Brooklyn Development Lands $15M
The bridge loan will finance a three-building development of residential units over street-level retail in an accessible part of the city’s Bedford-Stuyvesant neighborhood.
PGIM Finances 267-Unit CO Community
Vistas at Jackson Creek is located between Denver and Colorado Springs. According to Yardi Matrix, the community was 98.9 percent occupied as of October.
CIM Nabs VA Asset
EOS Twenty-One is a 1,180-unit community in Alexandria located on a 30-acre site and featuring 14 four- and five-story buildings.
CO Mixed-Use Lands $66M
Natixis provided a $50 million construction loan and arranged a $16.2 million preferred equity position for Westminster Town Square, a 255-unit, Class A multifamily project in Westminster, Colo.
Age-Restricted Community Sells for $35M
Marcus & Millichap represented the seller and procured the buyer in the sale of a 115-unit community in Rancho Santa Margarita, Calif.