Finance & Investment
Atlanta Apartments Sell for Nearly $60M
RADCO will rename the community and spend more than $4.5 million on capital improvements.
Capital One Provides $118M Construction Loan for Yonkers Apartments
Consisting of more than 567,000 square feet, Larkin Plaza will offer 439 luxury apartment units, including 17 affordable units, divided between 25- and 17-story residential buildings.
Robbins Electra, RSE Capital Expand Florida Portfolios
The joint venture plans to invest $200 million in value-add properties in central and north Florida over the next 12 months.
LandSouth Begins Construction on $20M Senior Community
The general contractor started work on American House, a $20 million project in the City of Palms, Fla.
NHPF Grabs Historic Hotel Covent in Chicago
The deal marks the organization’s second SRO mixed-use asset acquisition in the Windy City.
KIG Closes $19M Sale On Vintage Building in Chicago
The 160-unit property offers a mix of studio and one-bedroom floorplans, as well as 10,000 square feet of retail space.
Champion Lands Value-Add Community in LA’s Koreatown
The company acquired The Bard Apartments, a 30-unit multifamily property, and is now planning to renovate the building.
Fath Properties Obtains $125M Refi for 10-Property Portfolio in Ohio and Texas
Six of the refinanced properties are in the greater Cincinnati/Dayton marketplace and contain 2,065 units. The remaining four properties are located in Texas and consist of 1,273 units.
On the Market: 5 Interesting Listings for the Week of 12/5
This week’s listings include a Mediterranean-style town home community and an Indianapolis property located on a 60-acre lake.
SPNA Acquires Second Deconversion Property in Chicago
The 133 units were converted to condos in 2005, but they will now go back to their initial use as rentals.