News
Kidder Mathews Arranges Sale of OC Community
Waterford Residential bought the property located in Newport Beach, Calif., from a private investor.
On the Market: 5 Interesting Listings for the Week of 3/12
This week’s listings include a newly constructed asset in Culver City, Calif., which includes ground-floor retail, as well as a community in southern Dallas near the booming I-45 industrial sector.
Lotus Capital Arranges $237M for London Apartments
Proceeds from the financing will pay off an existing construction loan and cover carrying costs for Belgravia Gate, a row of townhouses converted to 12 luxury units.
Coastal Ridge Buys TN Student Housing
Crowne at Campus Pointe is a 324-unit, 718-bed community in Knoxville serving the students of the University of Tennessee.
Community Preservation Partners Buys Richmond Affordable Community
The company plans to rebrand the 216-unit Midlothian Village Apartments as The Belt Atlantic and invest $9.7 million into the property’s renovation.
Crown Acquisitions Secures $50M CA Student Housing
College Square, a 486-bed community a mile from the UC Davis campus, includes furnished sundecks, a fitness center and laundry facilities.
Broan Launches New Recessed-Lighting System
The company offers two new products that disappear into the ceiling. The 744 features a 75-watt PAR bulb, while the 744SFL features an Energy Star-certified automatic ventilator.
Apartments Outperforming Other Assets, Says NMHC
According to a recent study, multifamily communities are outperforming most other commercial real estate property types, whether it be on a risk-adjusted or unadjusted basis, regardless of holding period, geographic region, metro size or growth rate. Here’s why.
Passco Extends in ATL with $69M Acquisition
The increasing job and population growth in Gwinnett County is what drove Passco Cos. to make the investment, with existing assets like Merritt at Sugarloaf presenting strong value-add opportunities.
Capital One Ups HTI Fannie Mae Credit Facility to $216M
The company served as the sole lender, providing a bridge to long-term agency financing for a 23-property senior housing portfolio across six states.