Finance & Investment
Hunt Obtains $23M Financing for VA and MD Assets
The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.
$9M Affordable Conversion Breaks Ground in FL
The $8.8 million renovation of the Wayne Densch Center located in Orlando will transform 64 units of transitional housing to 77 high-quality apartments.
HFF Brokers AZ Senior Community Sale
The Heritage Tradition is a 330-unit senior housing community, located 24 miles northwest of downtown Phoenix, in Sun City West, Ariz.
CA Luxury Asset Lands $32M
HFF arranged the 10-year, floating-rate Freddie Mac loan for Chelsea Santa Monica on behalf of Kort & Scott Financial Group.
NYC-Area Development Receives $59M Financing
Cole Schotz P.C. arranged the construction loan on behalf of a joint venture, for the $95 million development of a 249-unit, mixed-use project in Mt. Vernon, N.Y.
HFF Secures Loan for DC Community
The 142-unit luxury apartment community is part of City Market @ O, a mixed-use two-block development in the Shaw neighborhood of Washington, D.C.
CO Asset Commands $96M
Oak Coast Properties has acquired Aurora Hills Apartments, a 47-building, 300-unit apartment community in Aurora. This represents the company’s seventh acquisition in the Denver metro.
SoCal Investor Snaps Up Value-Add Phoenix Apartments
MIG Real Estate has acquired the 1999-built Bayside Apartments, a 176-unit community that includes 22 two-story buildings.
JV Nabs $34M Southeast Portfolio
Blue Magma Residential and NCP Enterprise Funds have acquired three communities in Covington, Ga.; Robinsonville, Miss.; and Dothan, Ala.
AZ, NC Senior Housing Lands $50M
Greystone arranged the construction financing for the assets, which will comprise a total of 386 units.