Finance & Investment
TWO Capital Breaks Ground on Charlotte Suburb Community
Capital Club will be a 312-unit community in Indian Land, S.C. Patterson arranged a preferred equity investment from RSE Capital Partners as well as a construction loan from Texas Capital Bank and HomeTrust Bank.
Blackmount Picks Up Suburban Atlanta Community
The transaction marks Blackmount Real Estate Partners’ first acquisition in the Atlanta metro area. CBRE worked on behalf of the seller.
Covenant Grabs Atlanta Multifamily Portfolio
CBRE Vice Chairman Kevin Geiger worked on behalf of the sellers in the transaction, a joint venture partnership between The Family Office and Titan Real Estate Investment Group.
Passco Makes 2nd DC Purchase for $113M
The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.
Castle Lanterra Expands Denver Portfolio
The 44-year-old Mountain Vista Apartments marks the company’s second acquisition in the market. Eighty-five percent of the 257 units have been updated.
Dougherty Mortgage Closes $32M Loan for MN Community
The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.
Berkadia Closes Leasehold Sale of OC Community
Bridge Investment Group sold Coronado Palms, a 168-unit garden-style community in Anaheim, Calif., to Canyon Multifamily Impact Fund.
On the Market: 5 Interesting Listings for the Week of 9/25
This week’s listings include under-development condos in Olive Branch, Miss., and a brand-new, amenity-rich community in the Boston suburb of Allston, Mass.
Transwestern’s Houston Group Completes Sale of Pindo Pointe
Winslow Asset Management purchased the 164-unit community, which is located in Beaumonth, Texas.
Senior Housing M&As Outlook Strong: Capital One
According to the latest survey of more than 150 industry professionals, 43 percent anticipate an increase in activity heading into the fourth quarter of 2017.