News
Another Affordable Property Opens in ABQ
Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.
Affordable Albuquerque Community Opens Doors
The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.
AMG Realty Trades 512-Unit NM Property
The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.
CBRE Hires Affordable Housing Expert
In her new role as director & industry specialist, Sarah Garland will support origination of affordable and workforce housing debt financing.
Avison Young Arranges $16M Refi for VA Community
The 109-unit property in Arlington dates back to 1939. Three nearby metro stations and its proximity to Interstate 66 contribute to the asset’s accessibility.
Atlantic | Pacific Cos. Secures $40M TX Community
Avana Point in Fort Worth is set to be renamed The Atlantic Station and is the company’s 13th owned and managed asset in the Texas market, bringing its total portfolio to 4,271 units.
TIAA Grabs Newly Built Austin Asset
Casey Development offloaded the 246-unit Tacara Steiner Ranch, which opened in February. Following the sale, Pinnacle assumed management of the luxury property.
HFH Acquires $51M CA Property
Stepp Commercial represented both sides in the sale of Patio Gardens, a 127-unit community in Long Beach that will undergo an extensive renovation.
JV Pays $58M for Brand-New Iowa Apartments
Kimberly Development’s sale of the luxury 434-unit Autumn Ridge Apartments in suburban Des Moines will be completed in two phases.