Finance & Investment
Alamo Heights Community Changes Hands for $37M
The new owners intend to rebrand the property and invest in extensive renovations that will include both interior and exterior upgrades.
Bellwether Secures $75M Refi for Luxury Inland Empire Asset
The company arranged a $59 million permanent loan and a $16 million mezzanine loan for a 298-unit community asset in Ontario, Calif.
On the Market: 5 Interesting Listings for the Week of 7/24
This week’s listings include a newly constructed LEED Platinum community in Portland and an 1899 brownstone in the Williamsburg section of Brooklyn, N.Y..
FM Capital Acquires Campus Evolution Villages
Located near Georgia Southern University in Statesboro, the 528-bed student housing community is slated for rebranding and enhanced amenities.
TH Real Estate Acquires 2 for $93M
The Minneapolis communities, near the University of Minnesota, include the 101-unit The Knoll and the 210-unit The Bridges.
Boca Raton Development Site Commands $17M
One of the last developable waterfront parcels in east Boca Raton was approved for a low-rise, luxury residential condominium project.
Joint Venture Acquires LA Communities
Strategic Housing Partners and Rockpoint Group have acquired two portfolios and an additional community, totaling more than 1,200 units.
NAA on Multifamily Market Momentum
The apartment association surveyed industry experts about their business plans, expectations and market trends.
DFW Community Changes Hands
A local partnership sold The Bristols Apartments, a market-rate multifamily property in Hurst, Texas. The new owner plans to renovate the 94-unit community.
Capital One Closes $12M HUD Loan for Portland Skilled Nursing Facility
The financing proceeds will refinance a comprehensive renovation program of the 128-bed property in Gresham, Ore.