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Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.
Laurel Street Residential Expands Charlotte Footprint
Bellwether Enterprise provided the buyer of the 98-unit multifamily asset with more than $6 million in acquisition financing through Fannie Mae.
ACI Facilitates Sale of Sacramento Property
Senior Associate Doug Taber brokered the $4 million sale on behalf of the seller. The buyer was self-represented in the deal.
Madera Cos. Sells Houston Property
The 342-unit Park at Clear Lake last traded in 2015. Keener Investments took out a $23.5 million loan from Värde Partners to finance the acquisition.
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.
Lion Real Estate Buys Nashville Community
The nearly $21 million acquisition of the 202-unit Class B multifamily asset marks the firm’s third deal in the metro in less than one year.
$27M Financing Earmarked for Brooklyn Development
Madison Realty Capital provided the loan for a new 68-unit mixed-use residential building and the rehab of a two-story community next door.
NorthMarq Capital Arranges $16M Refi for NJ Community
The 10-year Freddie Mac financing for the 227-unit Village Manor in the western Manhattan suburb of Nutley retires an existing CMBS loan.
Dougherty Mortgage Refinances Memphis Community
The nearly $21 million Fannie Mae loan retires $15 million in HUD financing, which Wells Fargo Bank provided to the owner in 2011.
Tennessee Portfolio Changes Hands
Monarch Investment & Management Group purchased the five communities totaling 665 units in Jackson. The previous owner, McDowell Properties, had invested more than $3 million in capital improvements.