Finance & Investment
JV Lands $57M Memphis Property
Coastal Ridge Real Estate and H. Katz Capital acquired 414-unit The Preserve at Forest Creek from Blackstone subsidiary LivCor.
SG Blocks to Develop Largest Projects in Company History
The developer of container-based structures plans to build two low-income housing projects totaling 390,000 square feet in New York State. Both multistory buildings will be fully modular.
Praxis Buys Tampa Value-Add Apartments, Plans Upgrades
The 232-unit Villages at Turtle Creek was built in 1985 and includes 15 buildings. The company plans to invest $3 million on upgrades to the community.
Emerald Equity Lands $129M for Bronx Portfolio
Sabal Capital Partners closed on 34 Freddie Mac Small Business Loans on behalf of Emerald. Comprising more than 850 units, this marks the largest Small Balance Loan transaction through the Freddie Mac SBL program since it was created in 2014.
Dougherty Closes $14M Loan for Minneapolis Asset
The company worked on behalf of the borrower, Eagan Apartment Associates LLP, to close the 12-year term loan. The community was 98.2 percent occupied as of August.
Affordable Indiana Community Lands Refi
The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.
NHPF Leader Shares Affordable Strategies
CEO Richard Burns explores industry trends and what investors should be on the lookout for in the coming year.
PAC Lands 260-Unit KC-Area Community
Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.
Maryland Investor Acquires Atlanta Apartments
Preferred Apartment Communities has secured Aldridge at Town Village, a 300-unit community in Marietta, Ga., that was built in 2016.
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.