News
Mill Creek Begins Construction on Dallas Luxury Apartments
In a joint venture with Abington Properties, the company secured construction financing with UMB Bank for the six-story, 190-unit upscale community.
Dougherty Closes $7M Loan for Irving Community
The company completed a 12-year, two-year interest only Fannie Mae loan for the 134-unit property.
Western Markets Dominate Rent Growth
From Seattle to San Diego, many tech-driven, Millennial-attracting markets have experienced continuous rent growth above previous averages.
MPE Partners Receives Funding to Acquire Cincinnati Apartments
Hunt Mortgage Group secured acquisition financing from Freddie Mac for 170 garden-style units on two parcels totaling about 8.5 acres. The property consists of eight residential buildings plus a leasing office and maintenance building.
$73M Rehabilitation of SoCal Affordable Community Underway
The redevelopment of the 268-unit project by Community Preservation Partners marks the biggest tax credit in Indio, Calif. The second phase is slated for completion by the end of the year.
HPI Acquires $23M Atlanta-Area Community
This marks the final acquisition by HPI Real Estate Fund IV, which closed to new investors in December 2016 after purchasing 12 properties totaling 2,616 units.
Orlando Apartments Change Hands for $22M
Dominium Management Services procured the 304-unit community from Fieldstone Properties. The company plans to do a “significant” rehab on the amenities.
Trade Groups in Effort to Fix Bank Lending Rules
Proposed legislation would maintain high-volatility commercial real estate’s higher capital charges, but clarify which loans are subject to the rules.
29th Street Capital Buys 12th Bay Area Community
The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.
Burke Decor’s Wall Patterns Pack a Punch
The commercial wallcoverings are more durable and easier to clean than traditional wallpaper, and the company offers faux finishes replicating the look of wood, marble, tiles and more.