Finance & Investment
Greystone Refinances Dallas’ Largest Apartment Community
Greystone’s Rob Meehan originated the CMBS loan, which includes a 10-year fixed term at a low rate. Vineyards at Forest Edge is 95.2 percent occupied.
Why Student Housing Is Making the Grade
A Walker & Dunlop managing director sheds light on finance trends in the thriving niche and previews the challenges and opportunities ahead.
South FL Community Trades in $27M Deal
Cushman & Wakefield’s team worked on behalf of the seller, a joint venture between Eastwind Development and Index Apartments, in the 1031 exchange of the asset.
Dasmen Residential Buys 2 AL Communities
The Embassy Group has sold two Birmingham properties, the 276-unit Madison at Shoal Run and and Mountain Lodge, which comprises 254 units.
Greystone Provides $60M HUD Loan for NY Skilled Nursing Facility
The firm also secured a bridge-to-HUD loan to finance Kennedy Management’s acquisition, rebranding and renovation of the 302-bed asset in 2015.
Grand Peaks Secures $61M Miami Development
Soleste Club Prado, a 196-unit community in West Miami, includes a hotel-inspired pool, sundeck and private cabanas, and is already 95 percent leased.
Republic Snags $100M for DC Apartments
The company received construction financing from CapitalSource for Portals Residential Phase V Building, which will be a 13-story community with 373 units.
Mission: Success—Marc Lifshin
Ever since he can remember, Marc Lifshin has loved to build. As co-founder & managing partner of Core Spaces, he is living his dream every day, developing high-end student housing properties in prime collegiate markets.
Laurel Street Celebrates Opening of NC Community
The multifamily developer finished work on 757 North, a four-story residential project downtown Winston-Salem. The first residents are expected to move in by July 1.
MCA Secures Houston Memory Care Construction Loan
MCA has secured a $7.1 million loan for the project, which will feature 90 beds and a community center. Guidon Building Solutions will develop the facility in two phases.