Finance & Investment
Security Properties Acquires Affordable Las Vegas Asset for $27M
The portfolio offers two adjacent properties—Sunrise Palms, comprises 122 units of senior living, and Orchard Club, which provides 220 units of low-income housing.
Capital One Closes Loans to Refinance Manufactured Housing
The communities, located in the San Diego and Phoenix metros, both house seniors.
Napali Capital Acquires 105-Unit Community in Fort Worth
The acquisition of The Monterrey Apartments & Townhomes brings Napali Capital’s portfolio to 11 properties.
Greystone Secures $37M Refi for DFW Community
The 339-unit property was completed in 2016 and features a resort-style pool, fitness facility, clubhouse and business center.
NC Apartments Trade for $15M
Sovereign Development has acquired the 120-unit community.
REIT Acquisitions Fall Back to Earth
The trend of weak net acquisitions may continue in 2017.
Orlo Acquires Sizable Metro DC Asset for $117M
The area is poised for growth, with Transwestern reporting a net total of 65,500 jobs added to the D.C. metro region during the 12 months ending in November 2016.
Robbins Electra Adds 3 New Assets to Southeast Portfolio
The company plans to make upgrades to the properties, which total 898 units located in Georgia and Florida.
Ares Fund Secures 1,300-Unit Portfolio in Germany
The deal increases the firm’s holdings in the country to 3,900 units.
Capital One: Interest Rates Still a Concern for Multifamily
Given the choice, more would rather buy than sell in 2017.