News
UBS Enters Affordable Housing with $248M Portfolio Deal
The bank’s asset management arm together with Avanath Capital Management formed a new fund for the 14-property, 2,085-unit multifamily portfolio. Most of the assets are located in California and Florida.
Northern NJ Community Scores $52M Refi
BNE Real Estate Group developed the 227-unit luxury residential project in Aberdeen. Built in 2018, The Link at Aberdeen Station sits beside NJ Transit’s North Jersey Coast Line.
How High Housing Costs Impact Health Care
Enterprise Community Partners Inc. surveyed renters across the nation and found that more than half have delayed medical attention because they were forced to choose between paying their rent and paying their health care.
Mobile App Helps Establish Suitable Drainage Solutions
NDS’ app offers drainage solutions based on a calculator which determines stormwater runoff, required pipe diameter and the number of dry wells needed.
Aimco Sells Nashville Apartments for $24M
KeyBank provided the buyer with more than $18 million in Fannie Mae acquisition financing for the purchase of the 150-unit community.
Nashville Community Changes Hands for $57M
The buyer, a joint venture led by Hamilton Zanze, financed the acquisition of the 326-unit community with nearly $37 million in Fannie Mae financing.
Common Unveils $300M, 4-City Expansion Plan
The co-living brand will launch new communities in four major U.S. cities over the next three years, adding to its current roster of six metros.
NorCal Senior Housing Property Lands $26M Refi
Cushman & Wakefield has secured the first mortgage loan for the 148-unit assisted living and memory care community delivered in the fall of 2016.
Manhattan Community Lands $136M Green Loan
Freddie Mac extended the 10-year loan to Rachel Bridge owner Clipper Equity, in a deal arranged by Walker & Dunlop. The financing will facilitate property renovations to cut down on energy and water usage.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.