Finance & Investment
JV Lands $40M Twin Cities Affordable Community
Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.
Denver Workforce Housing Commands $53M
Oak Coast Properties acquired the majority interest in the 384-unit Villas on 76th, increasing its hold in the area to 3,000 units.
Walker & Dunlop Closes $1.9B Acquisition for Greystar
The company financed Greystar’s acquisition of Monogram Residential Trust, including 36 distinct loans on properties throughout the U.S. This represents the largest financing in Walker & Dunlop history.
On the Market: 5 Interesting Listings for the Week of 9/18
This week’s listings include the recently completed rehabilitation of an historic 18-unit building in Jersey City, N.J., and a new townhouse asset in New Hampshire that comes with an adjacent lot available for future development.
Michaelson Acquires 520-Unit TN Community
Purchased for $48 million, The Metropolitan features one- and two-bedroom floorplans. The community has undergone a multi-million dollar renovation over the past few years.
JV to Develop 236-Unit DC Community
Fort Lincoln New Town Corp., The Concordia Group and Buvermo Investments plan a Class A project that will include 36 affordable units.
New Affordable Housing Coming to San Diego
Affirmed Housing began construction of a 79-unit community in Pacific Highlands Ranch. Dubbed Luna, the property will rent to those who earn between 50 and 60 percent of the area’s median income.
Arbor Realty Appoints New VP
Sam Gold will be in charge of Freddie Mac SBL, Fannie Mae and FHA loan originations for clients in the Midwest. He will be based in the company’s Chicago office.
JV Acquires DFW Apartments
Warba Bank and Courtland Partners secured Suite 2801, a 417-unit community in Euless, Texas. The community was developed in 2013.
Greystone Brown Closes Sale of Atlanta Community
The team of Barden Brown, Chandler Brown and Cory Caroline Sams worked on behalf of seller Alexander Properties Group in the $49 million transaction.