News
McKenzie Brings New Units to WI Community
The development company has completed 60 units of Timber Valley Apartments, located in Madison, Wis., approximately 8 miles from the city’s downtown.
Financing Reaches New Level: Super-Competitive
Terra Capital Partners COO Dan Cooperman discussed the company’s strategy as the cycle matures and identified the deal structures that are causing concern.
PRG Group Buys Luxury Charlotte Community for $49M
The Miller-Valentine Group finished work on the 280-unit property in late 2017, following a year and a half of construction.
Newly Built Jacksonville Community Trades for $54M
Hunt Real Estate Capital provided the buyer, EBSCO Income Properties, with more than $36 million in Fannie Mae acquisition financing.
Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
4-State Student Housing Portfolio Changes Hands
A three-way joint venture acquired communities in Georgia, Tennessee, Texas and Washington. The properties encompass 2,282 units.
Charlotte-Area Community Secures $20M Financing
The 162-unit mixed-use property is located in a walkable area near downtown Davidson, N.C., and was completed in 2016. An HFF team arranged the acquisition financing.
Nashville Luxury Project Gets $93M Refi
Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
RED Capital Group Expands in LA-Area
RED Mortgage Capital, a division of ORIX Real Estate Capital, opened a new Los Angeles office, three months after expanding into San Francisco.