News
PAC Invests in 792-Bed Atlanta Asset
Stadium Village had an average rental rate of $2,776 per unit as of September. Preferred Campus Management will manage the business and operations for the joint venture.
Capital One Closes $17M Student Housing Refi
The 341-bed International Village serves students at the University of California Riverside and has an occupancy rate of 93 percent.
Gershman Closes Bridge Loan for Baton Rouge Property
Michael Thomas, vice president at Gershman Mortgage Denver, arranged financing for Pelican Bay Apartments in Louisiana, which features 152 affordable units.
TSB Realty Closes Sale of Student Housing in Sacramento
Built in 2003 and renovated in 2016, The Element includes 288 units and 792 beds. The property is located near California State University Sacramento.
Twin Cities Affordable Housing Portfolio Sells for $77M
Investors Aeon, the NOAH Impact Fund and Enterprise Community Investment purchased the 10 properties. The apartments will continue to welcome low-income renters.
Marcus & Millichap Closes $37M WI Community Deal
The portfolio comprises two properties, totaling nine buildings and 420 units, both of which present value-add opportunites and are located in high-profile areas in Madison, Wis.
Strategic Property Partners Unveils Plan for Tampa Towers
The company tapped Kohn Pedersen Fox to design 815 Water St., a dual-tower building that will be one of the first new condo projects in Tampa within the last 10 years.
Affordable NC Property Lands Fannie Mae Financing
Working on behalf of IPI Properties 11, a partnership between Berkeley Point Capital and Dougherty arranged a $1.2 million acquisition loan for Barden Ridge Apartments, a 48-unit community in Roxboro.
Far North Dallas 420-Unit Community Lands Refi
Working on behalf of Lantower Residential, HFF arranged a 10-year, fixed-rate loan for The Cortona, a 420-unit multifamily property in Fairview, Texas.
Newly Built FL Community Lands $43M Refi
The new loan assumes part of the original construction loan and provides additional financing to cover the stabilization of the property. Berkadia arranged the deal on behalf of the borrower.