Finance & Investment
Top Predictions for 2018
Top multifamily professionals from around the country shared their predictions for 2018 as they gathered in Orlando for the annual NMHC Apartment Strategies Outlook conference.
Sunroad Enterprises Nabs 320-Unit Vegas Asset
Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years.
DCHFA Provides $11M Loan for Senior Community
The agency has provided financing for the construction of the 65-unit Trinidad property. Neighborhood Development Co., Tennyson Ventures and The Ardent Co. are spearheading the project.
DCHFA Closes $11M Deal to Fund DC Affordable Community
The agency issued $11.3 million in bond financing for the preservation of 94 affordable units at Maplewood Apartments in the southeast quadrant of the nation’s capital.
JMG Realty Moves out of VA Luxury Student Housing
JMG Realty sold North 38, a 228-unit, 816-bed luxury student housing community at James Madison University in Harrisonburg, Va.
CBRE Arranges Sale of Affordable Property in Dallas
Dominium Development and Acquisition purchased Rosemont at Timber Creek from Cascade Affordable Housing. Jeff Kunitz, Alex Medeiros, Chris Deuillet and Chandler Sims of CBRE represented the seller in the transaction.
CapStack Increases Nashville Footprint
The firm teamed up with MACC Venture Partners to acquire three garden apartment communities totaling nearly 500 units across the city.
CBRE Brokers Sale of Koreatown Project Site
The plot at the corner of 8th Street and Harvard traded to Jamison for $14 million. The site is fully entitled for the construction of a transit-oriented development.
Orion Acquires Austin Community
CBRE arranged a 10-year fixed rate loan through the Fannie Mae Green Financing program for the acquisition of the 199-unit property.
Phase 2 of CO Community Lands $14M Financing
Hampton Partners’ Outlook Ridge II in Pueblo, Colo., will add a five-building, market-rate community to the existing 92-unit luxury development.