News
Jacksonville Development Gets $39M Construction Financing
Crest Residential’s 256-unit project is estimated to break ground in the spring, financed by a five-year loan from Protective Life Insurance Co.
Columbus Maintains Stable Rent Growth
Although employment growth moderated in 2018 while multifamily development kept a steady pace, the Columbus rental market remains one of the Midwest’s top performers.
Senior Housing Demand Matched by Supply
While the increase over the third quarter of 2018 was small, it marked the first time in three years that demand and supply matched, according to the National Investment Center for Seniors Housing & Care.
Arel Capital Buys 504-Unit Houston Community
Allied Orion Group is overseeing property management for the multifamily asset. The new owner plans to begin renovations this year.
Lev Investments Acquires San Antonio Asset
The sale of the 62-unit Liberty Ridge benefited from a $2.7 million Fannie Mae loan. The community is located just off Interstate 410.
$100M Deal to Preserve Affordability in South Bronx
A joint venture led by NCV Capital partners secured debt and equity to fund and rehab a 13-building, 515-unit affordable housing portfolio.
Luxury San Diego Community Launches Leasing
LMC developed the 220-unit Luma Apartments in the city’s Little Italy neighborhood. The 24-story high-rise is LEED gold certified.
Scottsdale Property Receives $24M Refi
HFF secured the loan on behalf of the borrower, The Sunset Group, for the 134-unit community located roughly 12 miles from downtown Phoenix.
Middleburg Launches $75M Workforce Housing Fund
The company’s strategy is to purchase and rehabilitate distressed communities in the Southeast and Mid-Atlantic regions, starting with the previously acquired Vesta Derby Oaks located in Louisville, Ky.
Inland Empire Community Sells for $42M
Berkadia has arranged the sale of the 194-unit property located in Ontario, Calif., approximately 26 miles from downtown San Bernardino.