Finance & Investment
Dougherty Closes Acquisition Loan for Dallas-Area Community
Working on behalf of Spanish Chase LLC, Dougherty Mortgage secured a $4 million loan for the acquisition of a 77-unit community in Irving, Texas.
Walker & Dunlop Closes $33M Refi
The Freddie Mac Green Up funds were used for the acquisition of The Place at Castle Hills, a 680-unit garden-style community located in the Hill Country Village submarket of San Antonio.
NAPA Ventures Sells San Antonio Asset
The company sold Morgan Manor, a 157-unit property located in San Antonio’s Oak Hills Country Club submarket, to Sylis Real Estate.
Western Wealth Capital Grabs AZ Property
Country Gables is a 139-unit community in Glendale and is the company’s 35th multifamily acquisition in the Greater Phoenix area.
HGI Acquires $1.8B Portfolio
Comprising 9,677 units across 25 communities, the properties are located in Philadelphia, Chicago, Baltimore, Boston and metro Washington, D.C. The company purchased the portfolio from Lone Star Funds.
Affirmed Begins Work on San Diego Veterans Community
The project will transform a motel into an 84-unit community to be known as Zephyr. Funding is coming from several government sources, including the California Department of Housing and Community Development.
Tampa’s 10 Biggest Multifamily Deals in 2017
As Tampa’s apartment market is going strong and investors show strong interest in the market, Yardi Matrix rounded up the 10 biggest deals of the year.
SoCal Investor Snaps Up Bay-Area Apartments for $53M
JRK Property Holdings has acquired Diamond Hillside, a 242-unit, garden-style apartment community in Pittsburg, Calif. The seller was a joint venture of McDowell Properties and Harbert Management Corp.
On the Market: 5 Interesting Listings for the Week of 11/27
This week’s listings include a ’20s-era property in the heart of New York’s East Village and a spacious, extensively remodeled community in San Diego.
NCC Acquires Newark Section 8 Housing for $160M
NCC and Greystone Affordable Development have facilitated the acquisition of four New Jersey properties totaling 842 units. The deal includes funding for the rehabilitation and the long-term preservation of the properties as subsidized rental housing.