Finance & Investment
HFF Arranges NJ Sale
Friedkin Realty Group purchased The Highlands at Cherry Hill Apartments. The 170-unit luxury multifamily property is 16 years old and 97 percent leased.
Berkadia Facilitates $52M Loan for VA Luxury Project
The upcoming 450-unit luxury community will be situated in Fredericksburg, Va., along Jefferson Davis Highway. The Breeden Co. estimates a total investment of $85.5 million.
Berkadia Secures Refi for 384-Unit Community
Berkadia lined up a seven-year, fixed-rate Fannie Mae loan to refinance the Mansions at Timberland, a 384-unit multifamily property in Fort Worth, Texas.
CA Quartet Scores $146M Financing
Watermarke Properties’ communities, totaling 930 units, are located in Orange County, Corona and Fair Oaks. HFF secured four separate 10-year, fixed-rate securitized loans with Freddie Mac’s CME Program.
$125M Luxury Tower Coming to Ft. Lauderdale
Developed by a partnership between Silverback Development and Bizzi & Partners, New River Central will feature 401 apartments. The joint venture expects to break ground in late 2018.
AMAC Lands Manhattan Property for $59M
The company plans to make upgrades to the mixed-use community, which includes 83 units and seven retail spaces.
IEC Buys CA Workforce Housing for $134M
Surf at 39, a 400-unit property in Huntington Beach, was built in 1972 and includes two swimming pools with spas, a business center and a dog park.
HFF Secures $10M Financing for AZ Community
The apartment community is located with multiple golf courses and parks. According to Yardi Matrix data, monthly rent averages $1,008.
Dougherty Secures Acquisition Loan for DFW Community
Representing TS Asset Toscana, Dougherty Mortgage closed a Fannie Mae acquisition loan for Toscana Apartments, a market-rate community in Bedford, Texas.
Affordable VA Community Receives Preservation Deal
Standard Communities and the National Foundation for Affordable Housing Solutions acquired Park Shirlington in Arlington. Designed for low-income families, the property includes 294 units.