Market Rate Housing - Miami

On the Market: 5 Interesting Listings for the Week of 9/17
This week's roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
Market Rate
PMG Miami Community Lands $106M Refi
The 464-unit property, which offers apartments as well as bedrooms for rent, started construction in mid-2016 and recently opened its doors.
Slideshow
Walker & Dunlop Facilitates $37M South Florida Transaction
Managing Directors Roberto Pesant and Chris Conklin, together with Senior Analyst Omar Morales of Walker & Dunlop Investment Sales represented the seller, Principal Real Estate Investors.
Market Rate

  • South FL Asset Lands Freddie Mac Refi

    HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.

    17 August 2018 12:06

  • Miami Community Lands $36M Refi

    Miami Stadium Apartments, the former site of the Miami Marlins minor league stadium, was converted to multifamily housing in 2002 and offers a fitness center, a playground and a swimming pool.

    16 August 2018 13:13

  • A Look Inside PMG’s X Social Communities

    Principal Ryan Shear spoke to MHN about the strategy behind the company’s new housing division, projects underway and the unique features of these modern homes.

    14 August 2018 14:27

  • EJV Buys Vintage Property in FL

    American Landmark purchased a 316-unit community in an equity joint venture with RSE Capital. The new ownership will invest an additional $3.5 million to bring the building to contemporary standards.

    23 July 2018 18:46

  • Miami Asset Commands Record Per-Unit Price

    Colliers International South Florida's Gerard Yetming, Mika Mattingly, Mitash Kripalani and Julian Zuniga represented the seller in the deal and also procured the buyer. The sale price breaks down to $228,750 per unit.

    19 July 2018 13:35

  • On the Market: 5 Interesting Listings for the Week of 6/25

    This week's listings include an heirloom property near Roxbury Park and Century City in Beverly Hills, a community in the heart of Texas that is primed for Fannie or Freddie green financing, and more.

    29 June 2018 13:52

  • Franklin Street Facilitates $2M Miami Sale

    Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.

    27 June 2018 13:46

  • South FL Value-Add Property Sells for $44M

    ARA Newmark’s Vice Chairmen Avery Klann and Hampton Beebe, together with Director Jonathan Senn, worked on behalf of the seller in the transaction.

    26 June 2018 14:26

  • Miami-Area Community Receives $32M Take-Out Loan

    Berkadia arranged the 12-year loan through Fannie Mae. The community, completed in 2017, is located near the Ronald Reagan Turnpike and Homestead Air Reserve Base.

    12 April 2018 15:27

  • FL Townhome Development Lands $7M Loan

    RARE CRE secured financing for the construction of The Preserve at Hypoluxo, a 44-unit upscale community in Lantana, that includes a retail component.

    03 April 2018 16:33

  • Miami-Area Community Chooses New Management

    The 226-unit garden-style community, situated between Miami and Fort Lauderdale, includes one- and two-bedroom apartments across more than 50 buildings.

    15 March 2018 13:06

  • FCP Expands Florida Portfolio

    Situated in the Lauderhill submarket, Summit Palms features one- to three-bedroom units across four buildings. Avesta currently manages the asset.

    08 March 2018 08:14

  • Berkadia Secures Loan for $97M Florida Buy

    Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.

    13 February 2018 15:33

  • Advenir Acquires $97M South FL Community

    Berkadia closed an $80 million Freddie Mac loan to fund both the acquisition and planned renovations of the 542-unit property.

    09 February 2018 15:53

  • Hunt Mortgage Refinances 2 FL Properties

    The company secured $25 million in Fannie Mae loans for properties in Miami and Palm Beach County.

    02 February 2018 14:31