News
Manhattan Multifamily Report – Winter 2019
Apartment demand remains high across the borough, where more than 3,700 units came online in 2018, representing 1.1 percent of total inventory.
ABI Multifamily Facilitates $22M Sale in AZ
An out-of-state investor purchased the 180-unit Cabana at the Pointe from Deco Communities. The buyer took out an $18.4 million loan to finance the acquisition.
Peak Campus to Manage 430-Bed Chicago Student Housing
The Buckingham serves students at the University of Illinois – Chicago and is also within a mile of 20 other schools.
Boston Boutique Multifamily Community Changes Ownership
Corcoran Management Co. acquired the 31-unit luxury property for $25 million. HFF represented the seller, The Cincotta Cos., and procured the buyer.
POAH’s Aaron Gornstein on Affordable Housing
The president & CEO of the national nonprofit sheds light on affordable housing finance, policy and his organization’s own plans for the years ahead.
Miami Condo Project Gets $21M Construction Loan
Trez Forman Capital is extending more financing to Arbor Coconut Grove, a 48-unit property being developed in the upscale Coconut Grove neighborhood.
FCP Buys Raleigh Apartments for $33M
Seeing strong demand for workforce housing, the value-add investor plans capital improvements for the 279-unit community in the city’s North Hills area.
Walker & Dunlop Adds Orange County VP
Christine Pratt has more than 15 years of experience in affordable housing financing, having previously served as a member of Freddie Mac’s small balance loan team.
Nonprofit Awarded Grant to Build Low-Income Housing in MS
The $750,000 Affordable Housing Program grant from The First, A National Banking Association and the Federal Home Loan Bank of Dallas will be used to develop a 124-unit community.
Luxury NC Community Welcomes First Residents
Wood Partners opened a 261-unit multifamily property in the vibrant Optimist Park neighborhood of Charlotte.