News
Increased Demand Pushes Up Rents in Las Vegas
The city’s multifamily recovery is a safe bet, given that it ranks among the top 10 metros for population growth.
Out-of-State Investor Gets 1,024-Bed Idaho Community
Serving the Brigham Young University-Idaho, Northpoint offers 154 units and more than 2,600 square feet of ground-floor retail space.
An Insider’s View of Brooklyn’s Affordable Housing Crisis
Nelson Management Group’s Robert Nelson discusses the impact of the Vital Brooklyn initiative, which is meant to alleviate the borough’s affordable housing shortage, and the company’s projects in the sector.
Planned Durham-Area Project Lands $17M Loan
Trez Forman CEO Brett Forman originated the loan, which will help the borrower in the acquisition of a 138-acre parcel slated for the construction of an 880-unit property.
Kidder Mathews Arranges Sale of San Diego Coastline Community
The company’s Merrick Matricardi, Jim Neil and Eric Comer worked with ACRE on behalf of the buyer. The oceanfront property is one of the few of its kind in the county.
Baltimore Affordable Senior Property Lands $33M HUD Loan
National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.
JV Buys 152-Unit IN Student Housing Community
The Park on Morton campus offers 6,000 square feet of additional retail space and serves students attending Indiana University.
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.