News
Timberland Partners Acquires 2 Memphis-Area Properties
The firm purchased Savannah Creek in Southaven, Miss., and The DeSoto, in Horn Lake, Miss., bringing its total portfolio to 14,966 units in 15 states.
REACH Community Development Opens Portland Affordable Housing Property
The $24 million project has 101 units catering to both seniors and families with children, as well as 8,900 square feet of retail space.
Fort Lauderdale-Area Community Trades for $59M
Bar Invest Group Inc. scooped up the 405-unit apartment property in the suburb of Lauderhill, Fla., from Turner Impact Capital. HFF brokered the sale of the 24-building project built in 1989.
JV Closes on $228M Community Near Amazon HQ2
Polinger Development Co. and a partner have acquired Meridian at Pentagon City, a 534-unit property in Arlington, Va.
JV to Bring Solar-Plus-Storage to LMI Communities in NY
The partnership aims to equip more than 2,500 regulated affordable housing buildings across New York City with solar and storage installations.
Fairfield Residential Adds CA Asset to Management Portfolio
The partially affordable community owned by Mill Creek Residential Trust encompasses 284 units and is located in Orange County’s Laguna Niguel.
Luxury Community Changes Hands in Tampa
An affiliate of Nuveen Real Estate has acquired the 366-unit multifamily property located in Hillsborough County. Newmark Knight Frank represented the seller in the disposition.
Jersey City Project Advances College-Anchored Redevelopment
The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments started construction on the 199-unit apartment building, which is part of a mixed-use college town redevelopment adjacent to New Jersey City University.
Manhattan Rental Building Lands $72M Refi
PGIM Real Estate Finance originated the Fannie Mae financing for the 240-unit Olympia House, located within two blocks of Grand Central Station.
Contour Development Pays $94M for Alabama Portfolio
Cushman & Wakefield arranged the sale of the three properties—The Park at Buckingham, The Park at Callington and Carlyle—for a Texas-based real estate firm which had owned the portfolio for five years.