Finance & Investment
REIT Nabs $57M NC Community
Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.
Walker & Dunlop Lines Up $100M in Financing for Texas Deal
The six bridge loans were secured through a regional bank and will ensure financing for the acquisition and renovation of a 1,795-unit portfolio.
Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
Miami Luxury Condo Project Lands $236M Financing
The 64-story luxury condominium project scheduled to be completed in 2019, will offer 549 units, 60 percent of them being already sold.
Q&A: Commercial Bridge Loans in 2017
Bob Sullivan, a partner in Alston & Bird’s Finance Group, discusses the current trends in this niche market, which offers flexible arrangements as an alternative for short-term financing.
WC Smith Lands $183M Refi Through Green Certification Program
The company is using the loans, originated by Walker & Dunlop, to refinance Park Chelsea and 2M, two LEED-certified communities in Washington, D.C.
How the Hiccup in New York Rents Affects NJ’s Gold Coast
Northern New Jersey’s “Gold Coast,” which offers easy transportation to Manhattan, may have to compete for its spot as supply increases in the five boroughs.
JPL Snags Nashville-Area Apartment Project
The 304-unit Villages at Peytona Downs will be part of the master-planned Greensboro Village, which features residential, retail and office space.
Colorado Community Under New Ownership Through HFF
Prior to the sale, the 185-unit, garden-style community was 90.3 percent occupied, according to data provided by Yardi Matrix.