Finance & Investment
Robbins Electra Snaps Up Charlotte Community
Pavilion Crossing, which will be rebranded as Grand Reserve at Pavilion, includes 408 units. The property is currently 95 percent occupied.
Minneapolis Community Receives $13M Refi
Dougherty secured a 35-year term loan for the refinance of a Minneapolis community. The company plans a $3.4 million upgrade of the property as part of the transaction.
Dougherty Secures $14M HUD Loan for Minneapolis Community
The company secured a 35-year term loan for Prairie Meadows Townhomes, a community located in Eden Prairie, Minn. The property consists of 168 fully affordable units.
NC Community Changes Hands for $21M
Represented by Colliers International, CORE Realty Holdings Management sold the 483-unit Hidden Lakes Apartments to Living Well Homes. Built in 1974, the property provides a value-add opportunity for the buyer.
Bascom Group Buys South Bay Community
The company plans to revitalize the 64-unit infill community in Torrance, Calif. This is the firm’s 37th multifamily property in Los Angeles County.
Greystone Oversees Financing for NY Apartments
The company facilitated $82.3 million in loans for a community in Hempstead, on Long Island, and three properties in Astoria, Queens.
Arlington Community Changes Hands
A Dallas-based limited-liability corporation has acquired Garden Park Apartments, a 252-unit property in the Texas city from a California-based investor.
Arrimus Announces Student Housing Acquisition, New Hire
The Class A property, located less than a block from the University of Houston, offers 654 beds within two five-story buildings and was named “Best Off-campus Apartments” property by the university’s students.
Dallas Job Stats Point to Continued Growth
According to the Bureau of Labor Statistics, Dallas trails only New York City when it comes to job creation, meaning that people will continue to flock to the Texan city for work. The city’s current 95.1 percent occupancy rate indicates that it doesn’t have the massive multifamily shortage seen in other metros.
The Era of Flexible Lenders
In this exclusive Q&A, industry insiders discuss how the limited lending market has helped flexible investors and debt funds become an essential part of the capital stack for real estate acquisitions and particularly developments.