News
Freddie Mac Names New CFO
Christian Lown assumes his new role effective June 15, as the government-sponsored enterprise aims to exit conservatorship.
Prism Multifamily Buys Value-Add Portfolio in Florida for $54M
Newmark Knight Frank negotiated the sale of Hamlet Plantation and Continental Apartments on behalf of the seller.
Lightstone Lands $30M Loan for Suburban Indianapolis Asset
Greystone secured the acquisition financing for the 280-unit garden-style community in Noblesville, Ind.
BRP, Pennrose JV to Begin 1st Phase of Jersey City Redevelopment
The multi-phase Bayfront project will be the largest mixed-income development in the tri-state region.
Capstone Closes Loan on San Diego Student Housing
The financing was provided by Bank of America for an on-campus residence at San Diego State University.
Aspen Heights Partners Begins Construction on Austin Community
The development is located within the East Riverside Corridor and will include 323 units and two interior courtyards.
Greystar Acquires Alliance’s Property Management Arm
The country’s largest apartment operator will boost its portfolio by 500 communities and nearly 130,000 units.
Middleburg Communities Adds New Director of Acquisitions
Kyle Chase will focus on workforce housing acquisitions throughout the Southeast and Texas, working out of the firm’s Charlotte, N.C., office.
IPA Arranges Sale of 288-Unit Texas Community
Executive Director Will Balthrope, First Vice President Tommy Lovell and Associate Richard Robson represented the seller.
Nashville Shipping Container Project Changes Hands
FMBC Investments sold the 83-unit, under-construction development for more than $11 million.