Finance & Investment
29SC Lands First Property in Louisville
The firm plans to invest $800,000 in the renovation of the 80-unit property.
RED Closes Refi Loans for Midwestern Affordable Community
The mortgage banking arm of Red Capital Group coordinated a MAP and Lean closing for the refinance and renovation of Portage Trail Village, a property in Cuyahoga Falls, Ohio.
Student Housing in Metro Orlando Lands $15M Financing
HFF has arranged a 20-year, fixed rate loan for Riverwind at Alafaya Trail Apartments, a 110-unit student housing community in Oviedo, Fla.
New York’s Multifamily Sales Took a Summer Dive
Though August was the weakest month of 2016 in terms of total transactions value, experts predict a strong end-of-year for the Big Apple multifamily market.
Marcus & Millichap Arranges Sale of Senior Housing Asset
The property was renovated in 2012 and has a historic occupancy of at least 90 percent.
Nonprofit Sponsors Affordable Housing Community Reno
Real estate nonprofit NHP Foundation and its partners are completing an $8 million renovation to preserve Ships’ Cove Apartments in Fall River, Mass.
Mack-Cali Lands $73M Loan for Boston Luxury Community
Citizens Bank arranged the loan for Roseland, a subsidiary of Mack-Cali Realty Corp., to finance construction of its latest project in East Boston.
Meet Bell Partners’ New SVP
John Maurer will be responsible for asset and portfolio management, as well as institutional investor relations.
Greystar, Credicorp Close Chilean Fund
The joint venture will target the development of high-quality assets in overlooked areas.
HFF Leads $13M Sale of Philly Apartments
Lennox Apartments, a 156-unit apartment community in Mount Airy, sold to a private New York-based group.