Finance & Investment
$35M Goes into FL Senior Living Expansion
Construction of Mallorca is underway and the renovations and expansions will be completed by the first quarter of 2018.
Continental Realty Purchases Grand Reserve at Tampa Palms
The company purchased the 17-year-old, 390-unit apartment community for $65.5 million.
On the Market: 5 Interesting Listings for the Week of 12/26
Recent listings include rustic-inspired townhomes catering to students at Appalachian State University and a community that formerly served as Florida’s original Cuban Consulate.
Commonwealth Development Buys IN Site for Affordable Housing Project
The company is planning 35 units on the former site of a Chevrolet plant in Muncie.
GracePointe Crossing Breaks Ground on $50M Expansion
The Cambridge, Minn., redevelopment includes the addition of 50 senior units and 18 assisted living memory care apartments.
JV Secures $150M Construction Loan for Queens Tower
AIG is providing the financing for the luxury community, which is set to open in early 2018.
Passco Acquires $50M Luxury Community in FL
The 282-unit Marisol at Viera is the company’s third Florida purchase in 2016.
Port St. Lucie’s Apex Prima Vista Changes Hands for $38M
Bluerock Residential Growth REIT acquired the 320-unit property in Florida through a joint venture with the Carroll Org.
JV Acquires 180-Unit Atlanta Community
This is the first asset Bell Partners and Hansainvest obtained with their HANSA US Residential Fund.
Hunt Mortgage Partners Secures Financing for VA Affordable Housing
The loan has an 18-year loan term, with two-years interest-only payments and a 35-year amortization schedule beginning in year three.