Finance & Investment
PNC Bank Closes $100M Affordable Housing Fund
The new fund will be used to preserve affordable “at risk” rental properties for families and seniors nationwide.
TruAmerica-Ares JV Snags $236M Portfolio
Totaling 1,402 units, the six Greater Baltimore properties are located near major military, government and corporate employers.
The Beach Co. Breaks Ground on SC Community
Sola Station will complete the final phase of the CanalSide neighborhood in Columbia.
Dougherty Mortgage Leads Sale of San Antonio Community
The firm closed a $9.3 million Fannie Mae acquisition loan for the 17-building asset located in the East Side submarket.
Northern NJ Apartments Trade Hands
HFF marketed the property on behalf of the seller, while Inland Real Estate Acquisitions facilitated the deal on behalf of an affiliate.
Oak Coast Properties Acquires Denver Property for $129M
The transaction represents the largest deal to date for the company.
HFF Sells New Rochelle Luxury Tower for $149M
The property, purchased debt free, has 6,000 square feet of ground-floor retail, a 422-space parking garage and the rights for the development of an additional 40-story residential tower.
American Campus Communities Acquires Syracuse Off-Campus Housing
The community, #BLVD404, is a 54-unit, 163-bed structure offering upscale amenities, on-site convenience store, 24-hour management, fitness center, individual and group study rooms and on-site parking.
$25M Goes into Purchase of Atlanta Apartment Community
This Atlanta purchase brings the company’s total acquisitions to more than $300 million and 4,500 apartment units.
Citizens Bank Lends a Helping Hand in Connecticut
A development partnership gets a crucial loan for a three-phase luxury community.