Finance & Investment
Houston Asset Lands $36M Refi
Nottingham Village is a two-story property featuring two-, three- and four-bedroom units spread across a 16.4-acre site. The owner plans to renovate the community.
TruAmerica Acquires $50M FL Community
The company is planning to invest $4 million in capital improvements to Astor Park, a 368-unit community in Winter Springs.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Walker & Dunlop Provides Financing for Dallas Property
The company supplied a Fannie Mae Green Rewards loan for Las Terrazas, a 230-unit community that features tennis courts, a pool and a picnic area.
Fannie Mae Expands Green Lending, Housing Innovation Platforms
Jeffery Hayward, executive vice president & head of Fannie Mae’s multifamily mortgage business, sat down with MHN at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego to provide an industry-wide outlook and discuss the GSE’s new initiatives for 2018.
Money for Modernization
Lenders and sponsors find innovative solutions to financing upgrades at newly acquired properties.
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.