Finance & Investment
Hunt Provides Loan for 152-Unit SC Property
The funding is for the purchase of Huntington Apartments, an 11-building community built in 1979 and located within the Greenville-Anderson-Mauldin MSA.
Chinese Investor Seals SoCal Deal
Gemdale USA paid $46 million for an asset north of L.A. in the Santa Clarita Valley.
Phoenix Apartments Command $110M
Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.
JLL Closes Sale of Class B Community in The Alamo
The property is located near North Star Mall and Alamo Quarry and has a unit mix comprising studios and one-, two- and three-bedroom floorplans.
Year-Over-Year Origination Volume
As indicated by the latest data available, origination volume was up 8 percent year over year in 2016, according to the Mortgage Bankers Association. Nearly 3,000 different lenders provided a total of $269.2 billion in new mortgages for apartment buildings with five or more units.
C&W Arranges Sale of 11-Story AL Community
Multifamily Management Inc. sold the 147-unit property in Mobile, Ala. The pet-friendly asset features amenities like a 24-hour fitness center and movie theater.
Continental Partners Arranges $38M for 4 LA Deals
Working on behalf of four different sponsors, the company was able to secure financing for 12 properties totaling 210 units.
Greystone Closes $80M NC Deal
The transaction allows the company to convert the financial structure of 645 affordable housing units across nine communities for the Greensboro Housing Authority.
ZOM Living to Develop Ft. Lauderdale Community
The developer will break ground on Las Olas Walk, two eight-story luxury apartment buildings on a 3.2-acre parcel.
On the Market: 5 Interesting Listings for January
This month’s multifamily listings include a community in Vancouver’s Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.