News
On the Market: 5 Interesting Listings for the Week of 6/4
This week’s listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix’s growing South Mountain Village area, and more.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
Asset Campus to Manage MI Student Housing
Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.
Dallas Senior Housing Community Lands $26M Loan
KeyBank originated a Freddie Mac loan for the acquisition of a 175-unit property. The community was built in 2009 and offers independent living homes.
KeyBank Provides Financing for 2 Affordable Senior Housing Assets
Alliant Capital and New York State HFA provided additional financing, supported by existing project-based HUD Section 8 vouchers, for the renovation of the properties.
Historic Brewery Gets New Life in Memphis
The 1870s-vintage property redeveloped by 459 TN Partners will feature more than 270 units, as well as a mix of office and retail space.
Unlocking Potential in New York’s Emerging Submarkets
Eran Polack, CEO & co-founder of HAP Investments, analyzes investment opportunities across the metro and outlines the drivers of Northern Manhattan’s rapid transformation.
Construction Underway on IL Student Housing
After acquiring the site back in 2017, Gilbane Development Co. started work on the 538-bed community located close to the University of Illinois Urbana-Champaign.
Atlanta Tower’s Act 3: Senior Housing
Originally a hotel, later a condominium community, Presidential Tower is about to start a third life as senior housing. Peacock Partnership acquired the property after five years of negotiations.
New Supply Tempers Rent Growth in Denver
The metro’s steady job additions and population gains have rapidly pushed up housing demand. But the resultant heavy apartment development has put a damper on rent growth.