News
Coastline Management Group Buys Tampa Community
New York-based Eyzenberg & Co. structured and placed $6.9 million in equity with JCR Capital to finance the acquisition and the repositioning of the property.
CBRE Arranges $700M Refi for National Portfolio
The nine Class A+ assets in the Modera collection are owned by a partnership of Rockwood Capital Corp. and Mill Creek Residential.
Greystar-Led JV Acquires UK Student Housing Asset
The partners purchased the 458-bed Paul St. East property in London’s Shoreditch neighborhood from Apache Capital for more than $210 million.
2 Microunit Multifamily Assets Change Hands
Wilshire Capital Partners paid $23.4 million for two communities located in Seattle and Portland, Ore. CBRE negotiated the deal on behalf of the seller, East To West Capital.
Mixed-Use Tower Breaks Ground in Austin
The 30-story development, anticipated to open in the first quarter of 2021, will be the first in the area to combine retail, office and residential uses in a single building.
Scully Co. Expands NJ Community
The developer will add 220 units to Hamilton Greene in Mays Landing. Completion of the new component, The Glades at Hamilton Greene, is scheduled for 2021.
Tampa Property Sells for $34M
Read Property Group sold the 310-unit, garden-style community located approximately 10 miles from downtown Tampa. The sale was subject to a $24.8 million-Fannie Mae loan.
Blackfin, GMF Acquire 600-Unit Community in Virginia Beach, VA
The value-add acquisition of Baker Crossing marks the companies’ first partnership. The property last changed hands in 2005 for $31.5 million.
Busting the Myths of Impact Investing
Kairos Investment Management Co. President & CIO Jonathan Needell shares his views on how investments can both create environmental and social impact and produce market-level returns. He also names common misconceptions about affordable housing ventures.
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.