News
Helge Capital Closes $62M in Financing for MA Portfolio
The 19-building multifamily portfolio consists of workforce housing with a combination of market-rate and affordable apartments in Boston and Lynn, Mass.
264-Unit Partially Affordable Asset Sells in TX
Gresysteel arranged the transaction and also facilitated $14 million in acquisition financing. Pangea Properties originated the loan, which matures in October 2019.
Inland Private Capital Sells Houston-Area Community
Goldman Sachs Asset Management Private Real Estate purchased the asset in a transaction that involved a $28.8 million loan held by TIAA.
Sterling Real Estate Partners Expands TX Footprint
The company is set to implement a value-add strategy on its multifamily purchase, including improving amenities, enhancing curb appeal and correcting deferred maintenance.
NV Affordable Community Sells for $35M
A New York City-based firm acquired the 332-unit Southwest Village property from PacifiCap Properties. The asset last changed ownership in 2006.
Detroit-Area Senior Community Undergoes $1M Renovation
Waltonwood Lakeside, situated in Sterling Heights, Mich., received upgrades on its interior, signage, common areas and amenity spaces.
TX Community Secures $49M Freddie Mac Loan
The 216-unit student housing community offers convenient access to Texas Tech University and to the city’s downtown area. Berkadia represented Kayne Anderson Capital Advisors LP and Capstone Collegiate Communities.
Rhodium Capital Advisors Expands in the South
The company acquired Grand Pointe Apartments, a 266-unit community located in Lafayette, La., and will invest a significant amount of capital to increase the property’s value.
NYC Firm Awarded $70M to Build Modular Housing Community
Thorobird Cos., in a partnership with Bangladeshi American Community Development & Youth Services, will develop a 167-unit affordable property in Brooklyn.
The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.