News
Federal Capital Partners Takes 2 in Tampa
The company, which is headquartered outside of Washington, D.C., expanded its Florida footprint with the $21 million acquisition of two properties totaling 292 units.
San Antonio Community Gets $17M in Fannie Mae Financing
Dougherty Mortgage LLC arranged a 12-year Fannie Mae acquisition loan for the 344-unit community Parc 410 Apartment Homes in San Antonio.
Robbins Electra Snags Atlanta-Area Portfolio
The 920-unit, three-property portfolio includes Marbella Place in Stockbridge, The Parke at Oakley in Fairburn and Belle Vista in Lithonia.
Gables Pointe 14 Shapes Up
Gables Residential began construction of a 370-unit upscale community comprised of two buildings and 16,000 square feet of modern amenities.
NYC Condo Project Wins First-Ever WELL Certification
21W20, designed by Beyer Blinder Belle, is the world’s first residential project to earn the certification, which focuses on enhancing occupants’ health and well-being through the built environment.
Dallas Apartments Receive $11M Fannie Mae Financing
Located in Waco, Texas, the 256-unit residential community received a 10-year Fannie Mae loan with a 30-year amortization schedule. Doughtery Mortgage, a conventional and affordable debt provider headquartered in Minneapolis, secured the financing on behalf of Upper Level Acquisitions II LLC, a Texas-based entity.
Germany’s BVK to Invest $805M in US Multifamily
The company started a USAA Real Estate Company-sponsored evergreen independent account to target core, build-to-core and value-add acquisitions.
Thibeault Development Sells 2 Boston Assets for $39M
Located in the heart of Boston’s Financial District, both assets were converted from office space to multifamily by the seller.
TriBridge Residential Lands Fourth Charlotte Property
The Atlanta-based company acquired Morehead West Apartments, a 211-unit North Carolina community, for $31 million. The property includes a 5,600-square-foot commercial space.
JV Nabs $37M East Bay Value-Add Apartments
Trion Properties and DVO Real Estate plan to modernize the 146-unit property in San Leandro, Calif., which was built in 1967.