Finance & Investment
On the Market: 5 Interesting Listings for the Week of 5/1
This week’s listings include a Katy, Texas, property situated on 13 acres and a modern luxury condo development with full entitlements in Scottsdale, Ariz.
Dougherty Secures $15M HUD Loan for Ohio Community
Olive Branch Townhomes, a 176-unit affordable housing property in Batavia, Ohio, will benefit from the refinancing. Dominium Development & Acquisition is the sponsor of the project.
Gelt Launches Happy Home Communities, Names Director
Ellie Davis will spearhead the new business venture. HHC has already made its first value-added acquisition, a nine-acre mobile home park in Bakersfield, Calif.
Premier Developers Snags $65M for FL Condo
Madison Realty Capital provided the loan for the Fort Lauderdale development. Called Riva, the property is two-thirds complete and scheduled for completion in September.
Campus Advantage Sells 42North at University of South Florida
Since acquiring the 420-bed community 36 months ago, the company has pursued a value-add investment strategy that has grown grew NOI by nearly 36 percent.
Maverick Mediates $39M Loan for Chicago Mixed-Use Project
Cedar Street Cos. is planning a 149-unit apartment building at 676 North LaSalle St., with more than 10,000 square feet of ground floor retail space.
Downtown Manhattan Apartments Land $375M Refi
Hunton & Williams LLP acted on behalf of the owners to secure the mortgage and mezzanine loans through Brookfield Real Estate Financial Partners.
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.