News
The Habitat Co. Grows IL Affordable Management Portfolio
The Drexel Properties, a 155-unit community in Chicago’s Kenwood neighborhood, brings the company’s affordable housing assignments to more than 10,000 units.
GSEs Sticking to Their Mission in Flat 2019
Fannie Mae and Freddie Mac are the leading source of multifamily mortgage originations. How do they foresee the market for 2019 and 2020?
29th Street Capital Expands FL Footprint
The company has entered the Tampa-St. Petersburg market with the acquisition of a 261-unit community located approximately 5 miles from downtown St. Petersburg.
Berkadia Facilitates $21M Fort Myers Transaction
ESG Kullen’s purchase of 186 units in a fractured sale secures the new owner’s control over the southern Florida condominium association.
Miami Worldcenter’s 1st Tower Comes on Line
Nitin Motwani, managing principal at Miami Worldcenter Associates, speaks in depth about the milestone for the $4 billion project—one of the largest of its kind in the U.S.—located near the Brightline at MiamiCentral.
FCP Expands Atlanta-Area Portfolio With $30M Buy
Hercules Real Estate Services sold the 210-unit Chroma Park in Austell, Ga. The new owner plans to invest in capital improvements on buildings, amenities and interiors.
Dallas Community Changes Hands
NorthMarq Capital provided the buyer, MORE Residential, with more than $43 million in Freddie Mac acquisition financing for the 2013-built asset.
Boston’s Affordable Housing Market: An Insider’s View
Community Preservation Partners’ John Fraser weighs in on trends in Boston and the East Coast, as well as creative strategies for financing affordable development.
Greystone Provides $133M Loan for NYC Asset
The Fannie Mae loan will refinance a mixed-income property encompassing 571 units on the Staten Island North Shore waterfront.
Invesco Pays $150M for Boston Mixed-Use High-Rise
The Harlo Fenway features 212 apartments and access to amenities such as an 18th-floor sky deck, yoga terrace and dog spa, as well as ground-floor retail.