News
Dougherty Closes Fannie Mae Loan for Twin Cities-Area Community
The mortgage banking firm facilitated a $7.3 million loan to refinance Green Twig Villas, a 62-unit affordable housing property in Oak Park Heights, Minn.
NoVa Skilled Nursing, Rehab Center Sells for $13M
The Mount Vernon Nursing & Rehab Center, located south of downtown Washington D.C., encompasses 69 rooms and 130 licensed beds.
CBRE Arranges $11M Metro Portland Sale
CBRE’s Phil Oester, Joe Nydahl and Josh McDonald worked on behalf of the seller in the disposition of a townhome-style community in Tigard, Ore.
Napali Capital Returns to Atlanta Metro
As was the case with previous acquisition in the area, Napali plans to invest in improvements at the re-branded property.
PAC Invests in Northeastern Atlanta Asset
Completed in 2016, the 14-building, 310-unit community in Tucker is close to Northlake Mall. The transaction involved a $39.7 million loan.
JV to Open Jacksonville Apartments
TriBridge Residential, in partnership with Sefira Capital, is developing The Jaxon, a 287-unit community in Florida. Amenities will include a pool with cabanas and rain curtain, a party porch and a dog park.
Houston Asset Lands $36M Refi
Nottingham Village is a two-story property featuring two-, three- and four-bedroom units spread across a 16.4-acre site. The owner plans to renovate the community.
TruAmerica Acquires $50M FL Community
The company is planning to invest $4 million in capital improvements to Astor Park, a 368-unit community in Winter Springs.
Upscale Demand Boosts Rent Growth in Richmond
After trailing the U.S. average throughout the current cycle, the metro’s rent growth reached 2.6 percent as of December, bucking the national trend during 2017’s fourth quarter.
Peak Campus Lands Chicago Management
The 240-bed, high-rise student community in the heart of the city’s South Loop neighborhood sits immediately adjacent to East West University.