News
Berkeley Point Appoints New Director
Sharon Karaffa brings more than 13 years of experience as director of priority borrower relationships and head of structured transactions with Fannie Mae Multifamily.
Eds and Meds Spur Growth in Pittsburgh
Once a predominantly blue-collar city, the area today relies on a diversified innovation economy and a highly educated workforce.
Security Properties Expands Portfolio With $98M AZ Buy
The firm acquired three apartment communities totaling 1,276 units in Mesa, Glendale and Phoenix. Starwood Capital Group, the seller, bought the assets in 2012.
Walker & Dunlop Secures $52M in Financing in CA
The firm arranged the 10-year Freddie Mac Green Up loan for a 565-unit community located in the Arden Arcade neighborhood, on behalf of the new owner, OpenPath Investments.
Sunset Boulevard Condos Secure $21M Loan
A joint venture obtained the financing for a new-construction condo project in the Silver Lake neighborhood of Los Angeles.
Clayton Nash Takes Over Phoenix Firm
Through the absorption of Uptown Realty, the company will transfer all agents as well as its office location in the Atlanta Biltmore. The company also revealed plans to hire up to 1,200 agents and add several more branch locations this year.
Naples Community Changes Hands for $67M
The seller completed a series of improvements during its ownership, including the renovation of the clubhouse and the creation of a private fitness studio.
Chicago Student Housing Tower Changes Hands
University Center Chicago, acquired by AXA Investment Managers – Real Assets and Blue Vista Capital Management, totals 1,732 beds and is proximate to 22 universities.
Advenir Scores $52M for FL Luxury Apartments
Berkadia arranged Freddie Mac financing for the purchase of Aventine at Naples, a 350-unit luxury community that is currently 89 percent occupied.
Orlando Community Obtains $55M in Bond Funding
Westport Capital Partners and BTI Partners are developing The Grove Resort and Spa. Located near Disney World, the property will include condos and recreational amenities such as a water park, restaurants and bars.