News
Tampa Bay Luxury Community Lands $45M Refi
Berkadia has arranged a 10-year Fannie Mae loan for the 227-unit multifamily property on behalf of a subsidiary of Primerica Group One.
San Mateo Community Sells for $26M
Marcus & Millichap’s Levin Johnston arranged the sale of the 38-unit property located within two miles of downtown.
Tides Equities Buys AZ Property for $40M
Berkadia arranged the sale of the 488-unit garden-style community located in Phoenix, approximately 10 miles from downtown. The brokerage firm represented the seller in the transaction.
Western Wealth Capital Sells Phoenix-Area Property
The 153-unit Verde Dimora traded for $27 million, or roughly $177,000 per unit. A team from IPA represented the seller and procured the buyer.
Army Base Gets New Life as Affordable Housing Community
Pennrose is redeveloping the underutilized site of Camp Kilmer in Edison Township, N.J., into a low-income rental property with supportive services for military veterans, families and formerly homeless residents.
MD Project Lands $75M Construction Loan
Calvin Cafritz Enterprises obtained the financing to develop the Residences at Riverdale Park Station, a 229-unit property within a larger mixed-use community in Riverdale Park, outside of Washington, D.C.
Origin Investments Closes Recap of Orlando Community
The company acquired an interest in Rosehill Preserve, a recently renovated 20-building residential community encompassing 396 units.
Newmark Knight Frank Brokers Sale of Luxury Texas Asset
Vice Chairman Patton Jones worked on behalf of seller LIV Development in the disposition of The Ace, a 330-unit property located roughly 25 miles of Austin.
Caton Flats Affordable Project Breaks Ground in Brooklyn
The 255-unit community developed by BRP Companies will also house a revitalized and expanded Caton Flats Market, a city-owned cultural institution, along with office and community spaces.
Newly Completed Houston Community Receives $28M Refi
Leon Capital Group will use the financing to retire an existing construction loan from Bank OZK for their 220-unit 1711 Caroline community.