Finance & Investment
Decron, Sequoia Trade CA Assets in $193M Transaction
Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron’s Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.
BRIDGE Housing Breaks Ground on $1B Revitalization
The firm and Los Angeles’ Housing Authority started work on a community that will transform the Jordan Downs housing project in Los Angeles. Phase I will add 115 affordable units.
$100M LA Arts District Mixed-Use Advances
Greystar’s Arts District AMP Lofts, which includes 320 units and retail space, received a 48-month construction loan from CIT’s Real Estate Finance .
Workforce Housing’s Monumental Growth
Gregory Lozinak, CEO of Monument Capital Management, discusses the company’s commitment to affordability, his biggest influences in the industry and his goals for 2017.
Pathfinder Snags $25M Seattle Property
The Argyle, a 160-unit apartment community in the metropolitan Seattle suburb Federal Way, stands on five acres and features 13 three-story buildings.
MCA Arranges $6M Loan for Denver Community
The project is an integral part of Belle Creek community, which consists of single family housing, apartments, townhomes and a community center. MCA worked on behalf of an entity sponsored by Chartered Development Corp.
Three Strikes: Multifamily Growth Slows for Third Consecutive Month
May 2017 marked the third consecutive month of rent growth deceleration and the 13th year-over-year slowdown, although development remains controlled.
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.