Finance & Investment
CareTrust REIT Buys Skilled Nursing Facilities in NM, TX
The newly constructed properties are leased to affiliates of OnPointe Health LLC, and were acquired from a Texas developer for some $27.3 million.
The June Digital Issue of MHN is Now Available!
This month offers a special focus on student housing, including a review of the latest security tools, an evaluation of debt and equity sources, and some new lease management techniques for the Mobile Age.
Berkadia Closes $12M Hollywood Community Sale
This is the first time the 72-unit property has traded in more than 40 years. Since most units lacked kitchens, the property was challenging to finance by conventional lenders.
Berkadia: Student Housing Pre-leasing Rates Still Robust
According to the company’s recent report, pre-leasing rates across the country were higher than any year since before 2012 as of the end of April.
Greystone, Winterwood Reopen KY Affordable Housing
Following a complex statewide pooled tax-exempt bond transaction totaling $65 million, the companies reopened 18 remodeled affordable housing communities across 14 counties.
Investcorp, TruAmerica Buy $98M Orlando Portfolio
The JV acquired a 708-unit, two-property portfolio and plans an extensive value-add renovation program for both communities.
Affordable Housing Finance Veteran Joins Jonathan Rose
As West Coast director, Kelly Boyer will work with the company’s New York-based acquisitions team, sourcing new investment opportunities on the West Coast, including direct investments and joint ventures, as well as managing operating partner relationships.
Drones, Databases & Deals
Technology offers investors and their advisers a menu of marketing tools that seemed unimaginable just a few years ago. Brokerage firms are upgrading their websites, dispatching drones and employing virtual reality to heighten the drama of their presentations.
On the Market: 5 Interesting Listings for the Week of 5/26
The most recent listings include a retro lime green renovated property in Los Angeles and a Charlotte asset situated on 30 acres.
Berkadia Closes Sale in Historic SLC Neighborhood
The buyer of the 111-unit community plans to renovate the asset, which was built in 1916 in Salt Lake City’s Avenues neighborhood.