News
JV to Preserve Affordability of 300 Units in Denver
The Community Development Trust and Rocky Mountain Communities signed a $25 million recapitalization deal for Garden Court Apartments near Aurora, Colo.
Salt Lake Community Changes Hands
Nitya Capital is the new owner of the 151-unit Class B community in the city’s downtown, after funding the purchase with more than $27 million in acquisition financing.
Promark Buys Baltimore-Area Community
The firm acquired the 54-unit Class B community in Glen Burnie, Md., for more than $7 million, using a $6.1 million acquisition loan.
Lincoln Avenue Enters Baltimore Market
The buyer financed the roughly $14 million purchase of the 321-unit fully affordable community with a $14 million acquisition and development loan.
JV Breaks Ground on Minneapolis Community
The 200-unit LakeHaus project is being converted from a 1950s office building into a luxury community near Lake Calhoun.
Trez Forman Provides $49M Loan for South Florida Project
The 15-story, 247-unit luxury multifamily property in Hollywood, Fla., is moving forward under new ownership after it was stalled for several years.
Johnson Controls Unveils New Rooftop Unit
The York SunPremier 25-50 ton unit series complies with energy efficiency standards, is cost-efficient, durable, easy-to-install and can integrate with other systems.
CBRE Facilitates $47M Transaction in Denver
David Potarf, Dan Woodward, Matthew Barnett and Jake Young represented seller FPA Multifamily. Velo Apartment Homes encompasses 240 units across 10 mid-rise buildings.
Lincoln Avenue Expands Orlando Footprint
The firm paid more than $6 million for the 121-unit fully affordable multifamily asset, with SunTrust Bank providing acquisition financing.
JV to Invest $1B in European Coliving Expansion
Medici Living Group and Corestate Capital Holding S.A. have teamed up to develop 35 new projects totaling 6,000 units over the next three to five years. A major U.S. expansion is expected to follow.