News
Vacant NY Building to Become Affordable Housing Property
The nine-apartment project is part of PUSH Buffalo’s revitalization plan to spur development across a 30-block area on the city’s West Side.
Dougherty Mortgage Closes Supplemental Loan for DFW Property
The 122-unit Cedar Point in Seagoville received $1.3 million in Fannie Mae financing to complement the existing 2017 acquisition loan, both set to mature in 2029.
CBRE Names Atlanta Vice Chairman
Robert Kadoori has more than 15 years of financing experience. He previously served as executive vice president of the company’s Capital Markets Debt & Structured Finance Multi-Housing Group.
Milwaukee Value-Add Community Changes Hands
Weidner Apartment Homes acquired the 90-unit Class B residential property. Berkadia arranged the transaction on behalf of the seller.
Chicago Multifamily Investment in Focus
Pioneer Acquisitions’ James Peterson Jr. names the city’s most attractive submarkets and sheds light on trends for Chicago investors to watch.
The Michaelson Group, GMF Capital Buy Tampa Community for $43M
The partnership has received $34.6 million in financing to purchase a 384-unit community situated approximately 10 miles from Tampa’s downtown.
Freddie Mac Names New CEO
David Brickman, the GSE’s president, will succeed retiring CEO Donald Layton on July 1 and join the board of directors. Last September, the agency announced it would conduct a search that included Brickman.
Phoenix Multifamily Report – Winter 2019
Attracted by the market’s strong fundamentals, investors closed a whopping $5.9 billion in multifamily sales in 2018, while developers also marked a high point with the delivery of 8,162 units.
Pollack Shores Launches Opportunity Zone Initiative
The multifamily developer and investment firm already has two projects underway in Atlanta and Charleston, S.C., with several more on the way across the Sun Belt.
JV Lands $75M Financing for Denver Luxury Tower
HFF secured the loan for The Confluence on behalf of National Real Estate Advisors and PMRG. Proceeds will be used to retire existing construction debt on the 287-unit property.