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Berkadia Arranges HUD Loan for Midwest Portfolio
Millennia Cos. will use the $34.3 million financing for substantial renovations to a pair of apartment communities in an Illinois city on the Iowa border.
CAPREIT Closes on $279M Dutch Multifamily Sale
The Canadian REIT’s portfolio acquisition creates Canada’s first Europe-focused multifamily REIT. A second bundle of residential assets valued at $110.6 million will change hands in August.
NC Community Changes Hands for $34M
Carlisle Residential Properties sold the 237-unit asset in Greensboro to Grimley Residential in a transaction arranged by Cushman & Wakefield.
Latest Phase Breaks Ground at GA Development
Developer Branch Properties has broken ground on the third phase of its mixed-use residential project, West Village, located in northwest Atlanta.
In Case You Missed It: MHN’s Top 5 Posts in May
Miss any of our articles? Catch up with five of our most popular posts for the month.
New Minneapolis Community Trades for $25M
Roers Cos. sold Mezzo, a 110-unit property in the city’s Arts District. JLL originated a $16.2 million loan for the new owner.
Allied Orion Breaks Ground on San Antonio-Area Community
The Retreat at Creekside is the last property to be constructed within Creekside Town Center, the more than 400-acre master-planned development in the Interstate 35 Corridor.
Tampa Community Commands $13M
Axonic Properties has sold the 110-unit multifamily property located near Hillsborough River. Franklin Street represented both buyer and seller in the transaction.
Cushman & Wakefield Sees Co-Living Tipping Point
In a new report, the brokerage finds this niche asset class to be approaching the critical mass needed to attract significant institutional investment.
EJF Capital Backs $95M DC Development
The alternative investment manager has teamed up with Donatelli Development and Blue Skye Development on the 262-unit multifamily community within an Opportunity Zone.