News
Affordable Nashville Community Trades for $9M
Hallmark Co. purchased the 112-unit multifamily asset in the metro’s Fairview submarket using more than $7 million in Fannie Mae financing from CBRE.
MLA Properties Buys Charlotte-Area Apartments
The company’s first investment in the metro includes 260 recently completed Class A units situated 15 miles southwest of the city center.
Middleburg Closes Workforce Housing Fund With Atlanta Portfolio Acquisition
The Virginia-based firm plans to invest a total of $91 million in the purchase and renovation of the three properties with nearly 1,000 units.
$118M Affordable Senior Housing Project Opens in NYC
The Tres Puentes Senior Apartments community will provide 175 homes for seniors and individuals with special needs in the Bronx.
San Francisco Multifamily Report – Spring 2019
Rebounding rent growth boosted investor appetite in the metro, with $2.2 billion in multifamily assets trading in 2018.
Estate Investments Group Tops Off 2 Miami Communities
The properties total 517 units, broke ground last year and are slated for completion in November 2019 and January 2020, respectively.
LA Community Changes Hands for $24M
Lion Real Estate Group purchased the 100-unit asset in 2015 for $15.5 million and sold it after renovating more than half of the property.
Blackstone Buys New Raleigh Apartments for $41M
Davis Development broke ground in 2017 on the 202-unit community and delivered it earlier this year, with the help of $38 million in construction financing.
Rehab Complete on 90-Year-Old LA Units
Community Preservation Partners spent $11.9 million on The Curtis Johnson Apartments, a six-building portfolio in the Vermont Harbor neighborhood that the company renovated.
Calvera Partners Expands Value-Add Portfolio
The company has acquired a vintage property in Alameda, Calif. The acquisition is part of its strategic investment plan to reposition old buildings.