News
Greystone Brown Facilitates $35M Atlanta-Area Transaction
Pennington Pointe, located in Marietta, Ga., previously traded in 2016 for $27.6 million, a sale which was subject to a $22 million Fannie Mae loan, due 2023.
Luxury Multifamily Community Receives $40M Loan
KeyBank Real Estate Capital has originated a Fannie Mae for Peyton Stakes in Nashville, Tenn. The 249-unit property was built in 2017.
CA Senior Living to Expand WA Community
The renovated Quail Park of Lynnwood, which currently has 130 units, will include 252 units and enhanced assisted-living services.
Kennedy Wilson Sells $422M Portfolio
The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.
Stepped-Up Development Takes a Toll in Philadelphia
Echoing a trend that marks some other major metros in 2018, the pace of construction has caught up with demand. That, in turn, is keeping rent growth at modest levels.
Reinventing Luxury Development in Miami’s Coconut Grove
Oscar Rodriguez, principal of ROVR Development, reveals the company’s newest luxury development and how it fits into the neighborhood’s authentic scene.
Colorado Springs Portfolio Trades for $102M
Nexus Commercial Realty closed on the sale of seven apartment buildings that include a total of 1,178 B and C class multifamily units.
MN Affordable Housing Secures $16M
Real Estate Equities’ Eastgate Apartments in Rochester, the site of a former dance club, will include 135 units.
Hunt Mortgage Secures $17M for 3 CA Properties
The communities, all in Bakersfield, include 200-unit Village Lane Apartments, 46-unit River Oaks Apartments and 224-unit Park Villa Apartments.
Passco Buys FL Asset for $78M
The company acquired Springs at Bee Ridge in Sarasota, Fla. from Continental Property, and plans to rebrand the community as Longitude 82°.