Finance & Investment - South

  • Chicagoland, Boston Senior Living Communities to Break Ground

    Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.

    17 October 2017 15:22
  • Dougherty Closes Acquisition Loan in South Dallas

    The company secured a $6.6 million Fannie Mae loan for the acquisition of a 113-unit multifamily asset in DeSoto, Texas. Dougherty’s Minneapolis and Vienna, Va., offices arranged the financing through a partnership with Old Capital Lending.

    17 October 2017 12:00
  • FCP Snags $24M Tampa Community

    Federal Capital Partners has acquired The Commons Apartments, a 200-unit, garden-style property. The company plans upgrades, including converting the leasing office to a gym and the addition of washer-dryers to individual apartments.

    16 October 2017 14:28
  • Houston-Area Communities Land $87M in Financing

    Two Houston-area multifamily assets, totaling 1,553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects obtained floating-rate, interest-only and non-recourse loans.

    16 October 2017 13:35
  • CAPREIT Snags $48M Memphis Property

    The company plans to renovate 1,002-unit Madison Cypress Lakes community, including exterior upgrades and a new clubhouse.

    13 October 2017 14:54
  • ARA Newmark Closes Sale of San Antonio Community

    The 320-unit Grand at the Dominion is located in northwest San Antonio and was 94 percent leased at the time of the transaction. The asset was acquired by Bluerock Real Estate.

    10 October 2017 19:56
  • Audubon Redevelops, Sells 3 Atlanta Properties

    The company invested nearly $23 million in upgrades to the properties and sold the portfolio for $77 million. Cushman & Wakefield represented Audubon in the transaction.

    10 October 2017 19:40
  • Pure Expands TX Portfolio With $66M Acquisition

    Alliance Residential sold Farmers Market Apartments, a 340-unit community in Dallas. The new owner plans to rebrand the property as PURE Farmers Market.

    10 October 2017 15:52
  • Blue Roc Lands $14M Refi for Tampa-Area Community

    Hunt Mortgage Group secured a Fannie Mae loan for Park at Verona in Lakeland, Fla. Blue Roc has completed $2.6 million in capital improvements for the community since its acquisition in 2012.

    10 October 2017 15:04
  • Developer Secures $17M Tranche for Waterfront Miami Tower

    Vertical construction of the 57-floor condo building is set to begin in the first quarter of 2018, with completion estimated for 2019.

    10 October 2017 08:25
  • SC Community Changes Hands for $16M

    Brian Ford, Alex McDermott, Austin Green and Ron Corrao from Capstone's Charlotte office brokered the sale of Southern Pines, a 352-unit community in Spartanburg. Capstone worked on behalf of the seller, Bowman Investment Group.

    09 October 2017 18:07
  • Colliers Facilitates FL Affordable Housing Deal

    Colliers Senior Vice President Kevin Morris and Senior Broker Associate Michael Lewin worked on behalf of 1031 exchange buyer Steve Schneider. Palm Lakes Trailer Park, a 120-unit mobile home property in Miami, traded for $6.3 million.

    09 October 2017 18:05
  • CalAtlantic Homes Opens Raleigh-Area Community

    Silver Grove is a new townhome property in Cary, N.C., five miles from the Research Triangle Park. Pricing starts in the low $300,000s.

    09 October 2017 14:29
  • RADCO Acquires 336-Unit Orlando Community

    The company bought Radius Winter Park for $36 million and plans to spend up to $5 million on capital improvements to modernize the community.

    06 October 2017 12:09
  • JV Lands $57M Memphis Property

    Coastal Ridge Real Estate and H. Katz Capital acquired 414-unit The Preserve at Forest Creek from Blackstone subsidiary LivCor.

    05 October 2017 15:17