Finance & Investment
Matrix Monthly: Summing Up 2016
Research from Yardi Matrix reveals rent growth trends for the last month of 2016 and forecasts what’s to come this year.
HPI Closes 4th Multifamily Equity Fund
Hamilton Point Investments, the fund’s sponsor, has raised $85 million and expects to finish deploying the capital during the first quarter.
Honey Hill Apartments’ First Sale
The new ownership group plans to invest $3 million in capital improvements in the first 12-18 months.
Greystone Closes $33M Sale of Carolina Senior Housing
Brookdale Senior Living sold Brookdale Hendersonville East in Hendersonville, N.C., and Brookdale Skylyn in Spartanburg, S.C.
Berkadia Lines Up $34M Refi for Richmond Asset
The firm worked on behalf of Stone Creek Apartments to arrange a HUD loan for the 264-unit property.
Dougherty Mortgage Secures Refi for Arizona Community
The company has arranged a $2.7 million loan for the affordable apartment community located in the Tucson-area municipality of Green Valley, Ariz.
On the Market: 5 Interesting Listings for the Week of 1/4
This week’s listings include two contiguous waterfront properties on Florida’s Isle of Capri and a newly constructed community near Fresno’s High Speed Rail.
CDT, Millennia to Preserve KC Affordable Housing
The joint venture announced an equity investment in Kensington Heights Apartments, a 126-unit apartment building.
Institutional Fund Snaps Up Glendale Apartments for $54M
The deal marks the seventh acquisition within the Interstate Equities Institutional Fund III LP, a $200 million commingled fund.
29SC Nabs Second Louisville Community
The firm purchased Willowbrook Apartment Homes, a 112-unit property, from Mulloy Properties for $6 million.