News
Cornerstone Arranges $14M for MA Asset
Langley Terrace in Newton currently comprises three buildings and one two-family home, which will be leveled in order to construct a three-story apartment asset. Construction is scheduled for completion by June 2019.
Cordish Cos. Completes $120M MO Community
The company launched the 296-unit Two Light, the second new construction high-rise apartment building in downtown Kansas City.
NC Senior Housing Community Receives $14M Loan
Chatham Ridge Assisted Living in Chapel Hill, N.C., received $13.5 million in Fannie Mae refinancing. The property offers 60 assisted living and memory care units.
Value-Add Virginia Beach Property Trades for $52M
Seminole Trail Properties has purchased Mariner’s Cove, a 458-unit garden-style community situated within walking distance of two shopping centers.
Tucson Community Gets $19M Refi
Berkadia Managing Director Ed Kim arranged the 10-year loan—which includes five years of interest-only payments at a 75 percent loan-to-value ratio—for the garden-style property.
Hunt Mortgage Closes $37M Denver Construction Loan
Located at the corner of West 38th Avenue and Upham Street, West End 38 is slated to include 165 units and roughly 7,200 square feet of retail space.
JPI Continues Dallas Development Streak
The company’s Jefferson West Love community will include 200,000 square feet of office space and 65,000 square feet of restaurant and retail, as well as a 244-key Aloft and Element hotel.
Houston Apartment Portfolio Attracts Competitive Offers
Florida-based One Real Estate Investment has purchased Houston Southwest Two Pack, which comprises Airport Gardens and Airport Landing, totaling 412 units.
Protecting Residents’ Data
At the recent NAA Apartmentalize conference, cybersecurity expert Mark O’Cleirigh of Erin Meadows discussed how to take an active role in mitigating a cyber attack at your community.
LandSouth Construction Breaks Ground on $35M FL Apartments
Gatlin Commons in Port St. Lucie will include 200 units. The community is expected to be completed in October 2019.