Finance & Investment
L.A.-Area Community Trades for $67M
Pacific Urban Residential acquired IMT Thousand Oaks for more than $350,000 per unit.
Cortland Wins $469M Refi
Walker & Dunlop arranged seven-year Freddie Mac financing for properties in Florida, Georgia and Texas.
GoldOller Buys Philadelphia Community for $56M
GoldOller now owns the 500-unit Charter Court Apartments, formerly known as School Lane House Apartments.
Q&A with Christina Ying, Partner at Herrick
The real estate attorney discusses the main challenges in financing multifamily properties and which new areas in New York are attracting foreign investors.
Trion Offloads Two Sacramento Communities for $25M
The two properties have sold for considerably more than what Trion had originally paid for them.
$23M Affordable Housing Community Debuts in Miami
The new development, already 100 percent leased, features 84 units for low-income families.
Portfolio of 4,200-Plus Rental Houses Sells for $652M
Altisource Residential purchased the portfolio on Saint Croix in the U.S. Virgin Islands from Amherst Holdings.
Houston Community Under New Ownership through HFF
The community was 95 percent leased at the time of the sale.
Bellwether Arranges Refi for Long Beach Multifamily Asset
The owner will carry out a number of energy efficient improvements in order to comply with the loan’s requirements.
US Treasury Awards $92M for Affordable Housing
The allocation is expected to trigger a total investment of more than $900 million for low-income communities.