Finance & Investment
Security Properties to Rehab Illinois Community
The Seattle-based company closed on University Village, a 534-unit affordable housing development in DeKalb, Ill. The new owner will renovate the property, which will maintain its affordable status for at least the next 15 years.
Bozzuto Puts Northern VA Apartments on the Market
Bozzuto owns the property with the National Foundation for Affordable Housing Solutions and Transwestern’s Mid-Atlantic Multifamily Group is representing the joint venture.
Phoenix Condo Development Receives Construction Loan
Sales have begun for The Residences at Oak, a 47-unit condo project nearing completion in Scottsdale, Ariz.
HSL Lands $22M Refi for Phoenix Asset
Hunt Mortgage Group has arranged a 10-year Fannie Mae loan for the 232-unit Desert Sands Apartments in Casa Grande, Ariz.
Dougherty Closes on St. Louis Affordable Community
The company has arranged a 35-year term loan for the 95-unit community. The property was built as a hotel in 1963, and in 2007 it was converted to a multifamily community.
KeyBank Healthcare Funds Blackstone’s $703M Senior Housing Acquisition
The portfolio varies among care types, with 5,973 units in 64 communities. Spread across 19 states, they are currently operated by Brookdale Senior Living.
On the Market: 5 Interesting Listings for the Week of 3/27
This week’s listings feature a property located two miles from the Las Vegas Strip and a luxury community in the growing Augusta, Ga.
Preferred Closed the Sale on 2 Communities Totaling $114M
The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.
Berkshire Lands $73M NC Luxury Community
The Boston-based company is the new owner of Alexan Chapel Hill, a 265-unit property on the edge of the Research Triangle. Take a virtual tour of the building with our slideshow.
Bascom Group Nabs $94M Orange County Community
The company plans to upgrade and modernize the 406-unit infill asset, which was built in 1972.