News
DC Community Trades for $10M
Greysteel brokered the sale of Cascade Park Apartments on behalf of NOVO Properties, located within minutes of the Capitol Riverfront. According to Yardi Matrix data, occupancy is currently at 94 percent.
San Jose Luxury Development Lands $201M
HFF worked on behalf of Greystar to secure the construction loan through Otéra Capital. The Reserve is expected to be completed in 2020.
JV Completes University of OK Residential Colleges
Construction of the two residential colleges, which opened this August, started in 2015. Headington and Dunham comprise a total of 600 beds.
GA Development Commands $59M
Fairfield Residential acquired Trees of Avalon, a 500-unit community in McDonough, Ga., from Watkins Real Estate Group.
Western Securities to Expand TX Community
Designed by BGO Architects, Phase II of Mustang Station in Farmers Branch, Texas, will encompass 186 units. KWA Construction serves as the general contractor on the project.
Bell Partners Acquires Annapolis Asset
The company purchased the now rebranded Bell Annapolis on West, a 300-unit community. Including this property, Bell Partners has completed $645 million in multifamily acquisitions in 2017.
Airbnb, FL Developer Roll Out Home-Sharing Plan
Newgard Development Group is working with the home-sharing company to form Niido, which will own a 324-unit apartment building in Kissimmee, Fla. Residents can share their units and access various tools, including a new app that supports checking in and assisting guests.
Chicagoland, Boston Senior Living Communities to Break Ground
Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.
HFF Lends a Hand in Denver Community Sale
The company marketed the sale of the 291-unit Greenwood Park located within Denver’s Tech Center. Holland Partner Group and Principal Real Estate Investors were the buyers.
NJ Senior Community Lands $8M Refi
Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.