News
Affordable KTGY-Designed Property Opens in the Bay Area
Pauline Weaver Senior Apartments includes 90 units. Eden Housing is the developer of the age-restricted community in the Warm Springs area of Fremont, Calif.
Tower 16 Capital Partners Buys Inland Empire Community for $63M
The value-add investment and management firm purchased the 352-unit asset in Colton, Calif., from FPA Multifamily and will invest an additional $4 million in renovations and upgrades.
Student Housing Portfolio Lands $92M Loan
Aspen Heights and Safanad secured the financing for three properties totaling 1,653 beds in Iowa, Texas and South Carolina.
Houston Multifamily Report – Spring 2019
Years of robust development are raising concerns about overbuilding, with occupancy in stabilized properties down 140 basis points year-over-year as of February.
Strawberry Fields Expands Portfolio with $14M Buy
The South Bend, Ind.-based REIT acquired three skilled nursing facilities located in the state of Arkansas, upping its nationwide holdings to more than 70 properties.
Berkadia Originates $80M Refi for Florida Asset
The new seven-year, fixed-rate loan with three years of interest-only payments replaces an $80 million floating-rate loan Berkadia secured in 2018 for Advenir’s 540-unit property in Palm Beach Gardens.
Advenir Secures $191M for Three-State Portfolio
The investment firm acquired six residential communities totaling 1,843 units in Alabama, Colorado and Texas. HFF arranged the financing in the deal.
Miami Luxury Community Welcomes First Residents
Pinnacle Housing Group and Ascend Properties own the 272-unit Class A property that broke ground at the end of 2017.
Rincon Partners Enters Charlotte Market
Greystone provided a $13 million Fannie Mae loan for the acquisition of a 144-unit property that changed hands for more than $19 million.
PointOne Holdings, NRP Group to Add 308 Units in Austin
The upcoming community will be located in the South Congress submarket, within walking distance of the adjacently planned H-E-B and Thirsty Planet Brewery.