News
Greystone Arranges $110M for Senior Portfolio Sale
New Senior Investment Group sold 1,140-units comprising nine communities in the Florida Peninsula. Meridian Senior Living will manage the properties.
Phillips Secures $19M in Financing for Orlando-Area Project
BG Capital Management will use the loan for the acquisition and renovation of Landmark at Waverly Place, a 208-unit community in Melbourne, Fla.
Largest Private Residential Rooftop Solar Project Planned for NYC
Blackstone and Ivanhoé Cambridge are working on the project at Stuyvesant Town-Peter Cooper Village, which will include adding 9,671 high-efficiency solar panels to 22 acres of rooftops.
4-Property LA Portfolio Lands $267M
George Smith Partners arranged the seven-year, fixed-rate, interest-only, non-recourse loans on behalf of G.H. Palmer. The portfolio totals 1,359 units.
Hines to Expand UK Footprint
In a joint venture with Henderson Park, the firm plans to open a 630-bed student housing property in Lancaster, U.K.
Brooklyn Residential Tower Lands $218M Refi
Located in Brooklyn Cultural District Fort Greene, the Gotham Organization’s 586-unit Ashland offers residents a wide range of amenities, including a 17,000-square-foot Gotham Market.
JBG Lands $110M Refi for Iconic DC Asset
Atlantic Plumbing was erected in 2016 and designed by Morris Adjmi Architects. Aside from its 310 residential units, the building touts more than 19,000 square feet of ground-floor retail and restaurant space as well as a movie theater.
Lightstone Completes Long Island City Development
The 428-unit ARC features luxury amenities such as a salt-water pool, bocce courts and a greenhouse.
Lee & Associates Brokers $21M Phoenix Transaction
Biltmore Pointe Apartments includes 101 units and was built in two phases in 1959 and 1972. The new owner intends to add value to the investment through a substantial renovation.
CapitalSource Provides Construction Loan for CA Asset
The Nexus will offer 70 units and 238 beds, including a few affordable apartments. The community is in close proximity to University of California, Berkeley’s main campus.