News
Affordable Senior Community in TX Lands $6M Refi
Love Funding has provided the FHA loan for the refinancing and rehabilitation of the 156-unit affordable community in Texarkana, which is restricted to tenants 55 and over.
Covenant Capital Flips 2 SC Assets
The transaction netted the seller nearly $45 million after the renovation and expansion of the communities in Greenville’s East and Overbrook submarkets.
Central FL Affordable Community Opens Doors
The fully leased, 104-unit development contains a mix of one- to three-bedroom apartments, and future plans are in the works to construct 92 more units next year.
Miami-Area Community Chooses New Management
The 226-unit garden-style community, situated between Miami and Fort Lauderdale, includes one- and two-bedroom apartments across more than 50 buildings.
San Diego Community Opens, Lands New Management
The 97-unit multifamily property in the city’s southern suburbs, 15 miles from downtown, contains a mix of one- and two-bedroom apartments.
Wolff to Kick Off Seattle-Area Senior Community
Revel Kirkland is an upcoming 152-unit resort-style development slated for completion in 2019. The community will occupy the site of a former LifeBridge Church.
Broadtree Expands ATL Portfolio With $59M Buy
Stone Ridge at Vinings is a 440-unit community that includes a swimming pool, tennis court and dog park.
JV Acquires Land for Senior Housing Project in Raleigh
The fourth and final 8.5-acre parcel of the St. Albans at Midtown development has traded for $3.9 million. The new owners are planning to use the site for the construction of a 189-unit retirement community.
High Street, MetLife Break Ground in Phoenix
The partnership will construct a five-story 190-unit community that will include a coffee bar, interactive lounge space and gaming area.
Dougherty Arranges Acquisition Loan for Dallas-Area Community
Dougherty Mortgage teamed up with Old Capital Lending to secure a 12-year term loan for the acquisition of Colonial Arms, a 123-unit community in Waco, Texas.