News
Security Properties to Rehab Illinois Community
The Seattle-based company closed on University Village, a 534-unit affordable housing development in DeKalb, Ill. The new owner will renovate the property, which will maintain its affordable status for at least the next 15 years.
Bozzuto Puts Northern VA Apartments on the Market
Bozzuto owns the property with the National Foundation for Affordable Housing Solutions and Transwestern’s Mid-Atlantic Multifamily Group is representing the joint venture.
MHN’s Top 5 March 2017 Articles
Miss out on any MHN stories in March? Here are five of our most popular articles for the month, including news on multifamily completions and top amenities for the year.
McFarlin Buys Land for Senior Living Community in Phoenix
In a deal arranged by Avison Young, the company has acquired a nearly 7-acre property where the 80-unit Mariposa Point at Algodon Center will be developed.
Phoenix Condo Development Receives Construction Loan
Sales have begun for The Residences at Oak, a 47-unit condo project nearing completion in Scottsdale, Ariz.
HSL Lands $22M Refi for Phoenix Asset
Hunt Mortgage Group has arranged a 10-year Fannie Mae loan for the 232-unit Desert Sands Apartments in Casa Grande, Ariz.
Dougherty Closes on St. Louis Affordable Community
The company has arranged a 35-year term loan for the 95-unit community. The property was built as a hotel in 1963, and in 2007 it was converted to a multifamily community.
Slideshow: Peak Campus to Manage 2 Florida Communities
The two properties total 372 units, and one is just minutes away from the University of Florida campus.
Fifield Tops Off, Starts Preleasing Chicago Luxury Tower
The luxury community, which the developers say is “the first of its kind on the Gold Coast in more than 40 years,” will be open to residents in the summer of 2017.
KeyBank Healthcare Funds Blackstone’s $703M Senior Housing Acquisition
The portfolio varies among care types, with 5,973 units in 64 communities. Spread across 19 states, they are currently operated by Brookdale Senior Living.