News
Hunt Mortgage Closes Refis for TX Portfolio
The properties encompass more than 900 units and are located in Balch Springs, Irving and Dallas. Hunt Mortgage Group provided a total of $36.7 million.
San Diego Apartments Snag $38M Refi
KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.
JV to Bring $44M Workforce Housing to Boston Area
Work on the 140-unit The Watson on Howard is scheduled to begin by June, with occupancy expected by July 2018. This community will feature the largest number of workforce units ever financed under MassHousing’s Workforce Housing Initiative.
Bellwether Closes $62M in Financing
The properties include a 116-unit community in New York, a 192-unit community in Texas and an industrial property in Ohio.
US Residential Welcomes New EVP
Laurie Lyons, a 30-year veteran of the apartment industry, will be responsible for growing the company’s third-party management portfolio. She will be based in Denver.
RKW Residential Expands NC Footprint
The property management company has taken over management of Wesley Village, a 301-unit community near uptown Charlotte, N.C. Bluerock Real Estate owns the property.
Blinds Between Glass Keep Rooms Cool, Reduce Damage
ODL’s Blink Blinds + Glass encases blinds within insulated glass, avoiding the dust accumulation, tangling and breakage that often occurs with traditional blinds.
CBRE Names New VP
Former Capital One Senior Vice President Haig Kilicyan joins the company’s Capital Markets Debt & Structured Finance team in New York.
Rockpoint Group Snags $87M FL Community
Related Development, the multifamily component of Related Group, sold Town at Pembroke Pines, a recently completed 356-unit property in Pembroke Pines, Fla. During the past 18 months, the company sold three completed multifamily projects totaling more than $290 million.
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.