News
How Bellwether Closed a Record Section 538 Deal
The Enterprise Community Investment subsidiary facilitated a $19.6 million loan for a mixed-income community in Royse City, Texas. The team that arranged the financing touches on the difficulties along the way and the affordable housing crisis in the state’s rural areas.
Meridian Arranges $23M Loan for TX Community
The firm secured a three-year loan that will be used to recapitalize the 344-unit Wildwood in Austin, which features a playground, a pool and 650 parking spaces.
Home Office
Telecommuting is a popular option for many employees, so some of your residents could be working from their apartments. Does your community offer what they need? MHN and Kingsley Associates partnered to find out what renters think about working from home.
Capitol Seniors Housing Acquires NJ Community
Siena in Cinnaminson Township was developed as a condo building and will be converted to apartments. The company plans to add units and a fitness area, a yoga studio and a card room.
Employment, Affordability Drive Demand in Jacksonville
A healthy economic climate and ongoing multifamily rent growth are drawing more investors to the metro, where the sales volume rose to nearly $1.4 billion in 2017.
Housing for Veterans: Filling the Gap
The Lynd Co. and Invest in America’s Veterans Foundation have partnered to fight against homelessness among war veterans. Here’s what they’ve accomplished so far and what their plans are going forward.
Certé Group Snags $18M for AZ Asset
CBRE arranged the financing for Avilla Heights, a 116-unit luxury community in Chandler.
WinnCos. Breaks Ground on Boston Veterans Housing
The Residences at Brighton Marine is the first of its kind to offer mixed-income housing in Boston since World War II. It will include 102 units and on-site services and is scheduled for completion by December 2019.
MN 55+ Community Sells Above the Listing Price
Lynn Court Apartments in Savage received offers from investors from seven different states, which is believed to be representative for the state of the area’s multifamily market.
Historic Richmond High-Rise Sells for $39M
Built in 1913, the 19-story First National Bank building was the city’s tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.