Finance & Investment
Public Housing Goes Green
The financial challenges of operating permanently affordable housing seem inevitable, but a growing number of public housing authorities are embracing sustainability projects to offset costs, increase operating efficiency and improve residents’ quality of life, according to panelists at the 2017 Greenbuild conference.
JPI Closes Financing for Upscale TX Community
Located in the Las Colinas neighborhood of Irving, Texas, Jefferson Promenade will include 387 units. The property will be located close to the 1,000-acre Cypress Waters master-planned development.
Hunt Secures Fannie Mae Loan for TX Portfolio
The sponsors obtained two loans to refinance the 888-unit, three-property portfolio. The proceeds will pay for energy- and water-saving improvements.
Carroll Organization Closes Sale of 180-Unit FL Asset
The 180-unit ARIUM San Remo features two- and three-bedroom townhomes ranging from 1,141 to 1,517 square feet. The company acquired the property in April 2014 as part of its Carroll Multifamily Real Estate Fund III LP.
Praedium Buys Suburban Atlanta Apartments
Reserve Decatur, a 298-unit property in Decatur, Ga., includes a two-story clubhouse, cyber café, conference room with kitchen area, poolside outdoor kitchen with cabana bar, game lounge and a rooftop entertainment lounge.
SF Bay Community Changes Hands
HFF brokered the sale of Atlantic Apartments, a 186-unit value-add, garden-style community in Alameda, Calif., on behalf of the buyer.
Talonvest Secures $21M Refi for CA Property
Bascom San Francisco received the funding to complete the remaining upgrades on LUXE 1801, a 109-unit community in Alhambra, Calif. The company acquired the property in 2015.
The Habitat Co. Acquires 3 Chicago Properties
The properties, totaling 498 units, are Renaissance West in Logan Square and Lyndale Place in the Bucktown area, both on the Northwest Side, and York Terrace Apartments in the South Side’s Prairie District.
Berkadia Brokers Sale of 2 FL Properties for $48M
The two properties include Twenty 35, a 200-unit property in Safety Harbor and The Park at Windsor, a 224-unit community in Northeast Tampa.
Dougherty Arranges Loan for 136-Unit Buy
Dougherty Mortgage closed an $8 million loan for the acquisition of a 136-unit community in Balch Springs, Texas. The national mortgage banking firm represented the borrower.