Finance & Investment
Sienna Lines Up Ontario Retirement Portfolio Deal
The company purchased two luxury retirement properties comprising comprising 380-plus units and more than 380,000 square feet for $160 million.
Orlando Apartments Command $47M
TruAmerica continues its East Coast expansion with the acquisition of the 300-unit Arium Falcon Pines in Orlando. The company is planning on making a multimillion-dollar renovation to the property.
Bay Area Senior Living to Break Ground
Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, a 140-unit assisted living community in Fairfield, Calif.
Prestwick Opens Affordable SC Community
TD Bank invested $7.8 million in LIHTC equity, in partnership with Enterprise Community Investment, for the development of The Pointe at Blythewood, a 56-unit project northeast of Columbia.
Queens Nursing Facilities Land $54M Refi
With a total of 576 units, both properties are part of the SentosaCare network. Greystone provided the HUD-insured mortgage loans for the two highly specialized assets.
TD Bank Invests in Affordable Philly Community
The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.
TruAmerica Nabs Orlando Community for $48M
TruAmerica has expanded its portfolio with the purchase of Arium Falcon Pines, a 300-unit luxury community. The property will be rebranded as Canterbury Cove, and receive interior and exterior upgrades.
Bellwether Closes $42M for 3 Affordable Properties
The properties, all in Charlotte, N.C., include the 381-unit Southside Homes, the 176-unit Edwin Tower and the 161-unit Charlottetown Terrace.
Passco Buys LA Apartments
Watervue, a 264-unit community in Lake Charles, La., features two lakes, as well as amenities such as a fitness center, swimming pool and outdoor kitchen.
San Jose Luxury Development Lands $201M
HFF worked on behalf of Greystar to secure the construction loan through Otéra Capital. The Reserve is expected to be completed in 2020.