News
Kennedy Wilson Buys $135M WA Community
The three five-story buildings offer a mix of studios, one- and two-bedroom units averaging 827 square feet. The community is close to various park, trails and hiking trails.
Dougherty Closes $21M Loan for 288-Unit Buy
Dougherty and Old Capital Lending arranged a Fannie Mae acquisition loan for Brookside Apartment Homes in Arlington, Texas. The companies worked on behalf of the borrower.
Former Maine Church Becomes Senior Housing Community
The construction of St. Ignatius, a 66-unit senior housing community in Sanford is now complete. WNC provided $8.6 million in LIHTC equity to help fund the project.
Top 10 Denver Apartment Owners
A booming economy paired up with an accelerated increase in population have resulted in an influx of multifamily investors in Denver during the last five years. According to Yardi Matrix data, Starwood Capital emerged as the area’s top property owner, with a portfolio consisting of more than 9,000 units.
GFI Acquires Newly Built Dallas-Area Community
Davis Development sold Venue Craig Ranch, a 277-unit, garden-style multifamily property in McKinney, Texas. The buyer is an affiliate of GFI Capital Resources.
Boutique Condo Development Coming to Pompano Beach
Designed by IDEA Architecture + Engineering, Arya Oceanside Residences will boast ocean and Intracoastal views from floor-to-ceiling windows and sliding glass doors.
Dougherty Closes Fannie Mae Loan for 196-Unit TN Property
The national mortgage banking firm facilitated an $8.4 million loan for the refinancing of The Hills at Oakwood Apartment Homes in Chattanooga. S&S Property Management owns and manages the community.
CA Senior Living Acquires TX Senior Housing Portfolio
The three properties include the 107-unit Village Assisted Living and Memory Care in Denton; the 92-unit Village at Mapleshade in Plano; and the 107-unit Village at Stonebridge in McKinney. The properties opened in 2016, 2015 and 2014, respectively.
JV Closes Refi of Affordable NJ Property
The Diocesan Housing Services Corp., MDG Design + Construction and Hudson Valley Property Group will help maintain the affordability of 205 units in Cape May for the next two decades.
JV Invests $23M in Boston-Area Community
Blackfin Real Estate Investors and True North Management Group purchased The Bixby in Haverhill, Mass. The property’s previous owners recently completed renovations.