News
LA Development Receives $22M Financing
George Smith Partners secured the loan for the development of a 51-unit workforce community located in the Koreatown district.
FL Coast Community Changes Hands
Dougherty Mortgage originated a Fannie Mae loan on behalf of a joint venture to purchase Eagle Point Apartments, a 128-unit market-rate property in Daytona Beach.
Quad Property Group Expands FL Footprint
The company paid $10.8 million for a 152-unit value-add community in Jacksonville, financed by a nearly $8 million Fannie Mae loan.
Pollack Shores Grabs Atlanta Asset
The seller, a joint venture between McCann Realty Partners and Admiral Capital Group, purchased the community in early 2016 for $24.8 million.
Goldman Sachs Snags 821-Unit Philadelphia Community
The purchase of Chestnut Hill Village marks the company’s 18th investment, bringing its total portfolio to 5,600 units. HFF worked on behalf of the new owner to arrange a 10-year, fixed-rate acquisition loan.
JV Acquires Massive San Diego-Area TOD
TruAmerica Multifamily and Intercontinental Real Estate Corp. secured Alterra & Pravada at Grossmont Station, a 527-unit property in La Mesa.
CIM Group Makes DC Mixed-Use Purchase
Trellis House is a newly constructed property in the city’s Shaw/U Street Corridor with 319 units and 11,000 square feet of ground-floor retail.
The Reasons Behind Skilled Nursing’s Occupancy Decrease
Bill Kauffman, senior principal at NIC, discusses the key findings of the organization’s latest report on the industry. He also touches on the new recipe for a successful business model in the sector.
Job Gains Sustain Demand in Tampa
Above-average population and employment gains have generated a fast absorption of new multifamily product. As a result, rents went up 4.0 percent year-over-year through May.
CA Ventures Opens Chicago South Loop Community
The 320-unit Eleven40 bears the signature of designer SCB, with interiors by BKV Group. The community is currently 85 percent occupied.