News
Multifamily Acquisitions in Emerging Markets
Continental Realty Advisors’ David Snyder discussed investment opportunities in markets such as Las Vegas, ways to maximize returns and why in-depth research is essential to expertly deploying capital.
FCP Expands Florida Portfolio
Situated in the Lauderhill submarket, Summit Palms features one- to three-bedroom units across four buildings. Avesta currently manages the asset.
Vesper Buys 2 GA Student Housing Properties
The company will allocate $3.2 million to property improvements for the 336-bed and 504-bed communities situated near the University of West Georgia.
North Park Ventures Plans Chicago Conversion
Interra Realty brokered the $13.7 million sale of the mixed-use building located near Wrigley Field. All 30 condominiums will be converted into rental apartments.
Campus Advantage to Manage 2 CA Student Housing Properties
College Square has 240 units and is near University of California, Davis, and University Village has 100 units and serves students at California State University, Fullerton.
Manhattan’s First Purpose-Built Assisted Care Center Breaks Ground
The assisted living and memory care community will rise 16 stories in Midtown Manhattan, offering 151 units and ground-level retail.
JV Acquires New Fort Myers Property for $71M
Coastal Ridge Real Estate Partners and H. Katz Capital have secured Florida property Spectra, which includes 324 units.
Berkadia Arranges $74M for 2 FL Communities
The firm secured $34.5 million for The Queue Apartments in Fort Lauderdale and $39.5 million for Advenir at the Oaks in Ocoee.
Economists See Clouds in the Silver Lining
Although the immediate state of the economy is healthy, experts discussed tax reform’s potentially negative impact on housing and the U.S.’s overall fiscal future at the National Association of Business Economists (NABE) annual policy conference in Washington, D.C., last week.
Greystone Provides $17M Refi for Brooklyn Asset
The Fannie Mae loan will be used to pay off a $12 million construction loan on the newly built condominium property.