Finance & Investment
Meridian Secures Financing for 24-Building Dallas Community
Seth Grossman and Sarah Kuebler of Meridian Capital Group arranged a $20.5 million loan for the 288-unit Dallas multifamily property.
A Decade Post-Recession: A New Mortgage System
GLORIUS Corp. CEO Kirsten Paul discusses the changes in the lending environment caused by the market crash and weighs in on what to expect going forward.
What Does De Blasio’s Re-Election Mean for NYC Affordable Housing?
During his campaign, Mayor Bill de Blasio pledged to expand his focus on affordable housing. Standard Communities Co-Founders Scott Alter and Jeff Jaeger weigh in on how his re-election will impact affordable housing developers and renters.
Luxury Boutique Community in Brooklyn Hits the Market
Meridian Capital Group will handle the sale of the recently completed Brooklyn Grand, a two-building residential and retail development in Williamsburg.
NHI Acquires Retirement Community in OK
National Health Investors Inc. (NHI) acquired The Country Club of Woodland Hills, located in the eastern suburbs of Tulsa, for $35.1 million.
29th Street Capital Nabs 10th Phoenix Asset
The company plans to significantly update and renovate the 25-building community following the sale’s close.
KeyBank Secures $56M for MD Community
Verde at Greenbelt Station is a 302-unit, LEED-certified luxury apartment community in Prince George’s County, Md. The refinancing was implemented through Freddie Mac’s Lease-Up Program.
Prescient Launches New Investment Vehicle
The BIM design and building platform, which reduces the time and cost of constructing multi-unit housing using a proprietary modular construction system, has created Powered by Prescient. The subsidiary will acquire minority stakes in real estate development projects throughout the country. MHN talked with the company’s management to find out more about this new private equity firm.
PGIM, Hanover Snap Up Houston Property
The JV has acquired Mosaic at Hermann Park, a 396-unit community with 20,087 square feet of ground-floor retail space.
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.