News
Oxford Properties Sells Newly Built FL Community
PGIM Real Estate Finance provided the buyer with a 10-year, non-recourse Freddie Mac acquisition mortgage, which amortizes over 30 years.
Jacksonville Affordable Community Opens Doors
The Vestcor Cos.’ 96-unit senior living asset—the first in Clay County—welcomed its first residents, approximately one year after breaking ground.
Sunshine State Portfolio Changes Hands for $98M
Priderock Capital Partners has picked up the two Class B communities, totaling 550 units, with $67 million in acquisition financing from Freddie Mac.
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GSP Arranges $17M Loan for Sacramento Community
The current financing package replaces an existing agency securitization. The loan provided by GSP represents 65 percent LTV ratio and is structured to offer assumption rights if the property changes hands.
Affordable Community for Seniors Opens in CA
Mission Cove Seniors features sustainable design and eco-friendly amenities for seniors, formerly homeless and veterans at its Oceanside location.
Downtown Cleveland Redevelopment Receives $40M Loan
With the construction loan secured by Berkadia, the former John Hartness Brown complex will be reinvented as The Euclid Grand, a mixed-use development.
Detroit-Area Community Lands $87M Refi
The new mortgage, held by PGIM Real Estate Finance, pays down a previous $70 million CMBS loan on the 667-unit property.
Chase Properties Buys St. Louis-Area Asset
The company partnered with Gold Block Ventures to acquire New Town Apartments in St. Charles, a 157-unit community completed in 2004.
Stepp Arranges Sale of Santa Monica Community
The community sold for a total of $4.3 million at a 3.7 percent cap rate. Stepp Commercial represented both parties in the deal.