Finance & Investment
Honey Hill Apartments’ First Sale
The new ownership group plans to invest $3 million in capital improvements in the first 12-18 months.
Greystone Closes $33M Sale of Carolina Senior Housing
Brookdale Senior Living sold Brookdale Hendersonville East in Hendersonville, N.C., and Brookdale Skylyn in Spartanburg, S.C.
Berkadia Lines Up $34M Refi for Richmond Asset
The firm worked on behalf of Stone Creek Apartments to arrange a HUD loan for the 264-unit property.
Dougherty Mortgage Secures Refi for Arizona Community
The company has arranged a $2.7 million loan for the affordable apartment community located in the Tucson-area municipality of Green Valley, Ariz.
On the Market: 5 Interesting Listings for the Week of 1/4
This week’s listings include two contiguous waterfront properties on Florida’s Isle of Capri and a newly constructed community near Fresno’s High Speed Rail.
CDT, Millennia to Preserve KC Affordable Housing
The joint venture announced an equity investment in Kensington Heights Apartments, a 126-unit apartment building.
Institutional Fund Snaps Up Glendale Apartments for $54M
The deal marks the seventh acquisition within the Interstate Equities Institutional Fund III LP, a $200 million commingled fund.
29SC Nabs Second Louisville Community
The firm purchased Willowbrook Apartment Homes, a 112-unit property, from Mulloy Properties for $6 million.
Nitya Capital Acquires 6 Communities in Houston
The transaction marks the largest transaction in the company’s history.
NexPoint Residential Expands Houston Presence by 924 Units
The recently-acquired portfolio presents value-add opportunities.