Finance & Investment
StoneBridge Acquires $54M VA Asset
Copper Spring is a 366-unit, garden-style community in Richmond. At the time of the sale, the property was 97.8 percent leased.
MA Affordable Housing Project Lands $23M
MassHousing arranged the financing through JP Morgan Chase on behalf of Just-A-Start for the renovation and reconstruction of 112 affordable units in Cambridge, Mass.
Development Partners Obtain $27M for Miami Tower
MEC Development Associates and B Developments are constructing Casa Grove, a 130-unit community set to be complete in 2019.
Boulder Apartments Command $19M
The Bascom Group has acquired Boulder View Apartments, a 68-unit Class A community. The property’s amenity deck consists of two fire pits, an outdoor kitchen, a heated Jacuzzi and a dog run.
JV Snags 28-Property Portfolio in Sunbelt Region
Acting on behalf of Carroll Multifamily Real Estate Fund V, Carroll Organization and PGIM Real Estate purchased the assets from affiliates of Lone Star Funds.
Affordable Housing in the Trump Era: What’s Ahead?
The National Association of Local Housing Finance Agencies remains worried regarding the impact of a lower corporate tax rate. Kevin Morris of Colliers South Florida discusses the administration’s policies and what to expect in 2018.
Baton Rouge Property Lands $24M Refi
Greystone has secured a HUD-insured permanent loan to refinance Highland Club Apartments. The owner, Ed Kramer, plans to renovate the property.
PAC Buys 840-Bed Student Housing
The 42-building community in Waco, Texas, serves students attending Baylor University. Preferred Campus Management manages the asset.
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.
MG Properties Acquires 2 WA Assets for $133M
The company purchased Beaumont in Woodinville from Guardian Life Insurance Co. and Newberry Square in Lynwood from Fairfield Residential. Totaling 467 units, both communities will undergo interior and exterior renovations.