News
WNC Funded Reno of San Diego-Area Affordable Asset
The firm provided $13.2 million in financing for the renovation of Woodglen Vista Apartments, a 188-unit affordable community in Santee, Calif., that Jamboree Housing Corp. developed.
New Management for Madison Crossing at Birch Hill
The active adult community is located just one hour away from New York City and offers several leisure amenities, including a fitness center and game rooms.
JV Buys Stake in 632-Unit Asset
Rockpoint Group and The Brooksville Co. acquired Avalon Run East in Lawrence Township, N.J., from AvalonBay Communities.
Dougherty Arranges Loan for 136-Unit Buy
Dougherty Mortgage closed an $8 million loan for the acquisition of a 136-unit community in Balch Springs, Texas. The national mortgage banking firm represented the borrower.
Dougherty Secures $24M Refi for New AR Community
The mortgage banking firm facilitated the Fannie Mae loan for Bowman Pointe Phase I, a 217-unit property in Little Rock, Ark.
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.