Market Rate

CLP Makes First Foray into Southern FL

For its first acquisition in Palm Beach County, the privately held New York-based real estate firm chose Loftin Place, a Class A, mid-rise community completed in late 2015.

Market Rate

Dougherty Secures $7M Acquisition Loan

On behalf of a private investor, Dougherty arranged the financing for the purchase of a 152-unit Garland, Texas, market-rate community. The 12-year term, three-year interest-only Fannie Mae loan has a 30-year amortization schedule.

Market Rate

Greystone Enters Michigan Market with New JV

The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.

Market Rate

Regions

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Security Properties Acquires 2 Portland Assets

Security Properties acquired two properties totaling 228 units located near downtown Portland. The company plans to implement a renovation plan for The Commons in order to preserve the long-term affordability of the building.
Portland 21 July 2017 15:31
Berkadia Secures $23M Loan for NC Multifamily Development

Senior Managing Director James Tanner and Managing Director Henry Tanner arranged the financing through a HUD program. The loan will be used for Preserve at Carteret Place, a community in Morehead City, N.C.
South 21 July 2017 14:58
Wood Partners Breaks Ground on 298-Unit Development

The developer is building a community in Chapel Hill, N.C., with leasing expected to begin next summer. Alta Blu will include 5,000 square feet of office space.
South 21 July 2017 14:50
Ridge Capital, Andell JV Snags Sacramento Community

The Class B property traded for $22.4 million and is located in a submarket with a 13.7 percent year-over-year rent increase, almost seven times the national rate.
Sacramento 20 July 2017 17:24
Waypoint Converts FL Student Housing to Apartments

Renovations of the 288-unit asset will reconfigure existing floorplans to meet the need for affordable housing in Tallahassee.
Jacksonville 20 July 2017 15:35
Tikijian Secures $37M Indianapolis Community

The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.
Indianapolis 20 July 2017 06:43
Far South Houston Community Changes Hands

Highland Capital Management sold Regatta Bay Apartments, a 240-unit community in Seabrook, Texas, to Lloyd Jones Capital. This is the eleventh Texas property operated by the new owner.
Houston 19 July 2017 17:34