Finance & Investment
Mallory & Evans Brings Student Housing to SC, AL
The company is adding Bellamy Coastal and Bellamy Florence to its luxury student housing brand. Totaling $56 million, the two communities are scheduled for completion by fall 2018.
FL Mixed-Use Community Adds Multifamily Component
Edera at Coconut Point will be the only residential rental property within the 500-acre, master-planned, mixed-use development.
Sagora Senior Living Breaks Ground on First CA Community
The 14-acre campus will feature independent living, assisted living and memory care apartments. The Rocklin, Calif., asset will be the company’s 29th retirement community.
Miami Community Commands $37M
Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.
On the Market: 5 Interesting Listings for the Week of 9/11
The most recent listings include a Seattle-area property on nearly 80 acres of land and a fully renovated 1920s asset in Los Angeles’ Koreatown.
JV Sells Downtown Santa Monica Mixed-Use Asset
The Marcus & Millichap division represented Century West Partners and BlackRock Realty Advisors Inc., and also procured the buyer. Chelsea Santa Monica includes 53 units and almost 6,000 square feet of retail space.
Greystone Closes $77M Transaction for SC Portfolio
The initiative recapitalizes and preserves the affordability of 18 communities. All the 762 units are restricted to low-income households and will undergo renovations to improve the exteriors and interiors.
Capital One Refinances Illinois Nursing Facility
The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.
Michaelson Acquires Dallas Apartments
Built in 1982, Chesapeake Apartments includes 126 units and features four floorplans. Currently the property is 98-percent occupied.
Green Financing and the Triple Bottom Line
Fannie Mae is shaking up the multifamily lending space with industry-leading investment in environmental sustainability, says the GSE’s EVP Jeff Hayward.