Market Rate
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.
JLL Finances Little Rock Multifamily Acquisition
The buyer, a joint venture between MLP Investments and Vesta Realty, paid more than $13 million for the 280-unit Class B community.
$320M San Francisco Project Gets Capital Infusion
Stockbridge Capital Group is reportedly investing $130 million of equity into 1629 Market St., a fully entitled, 420-unit development that will offer a mix of affordable and market-rate.
Origin Investments, Sherman Associates Break Ground on Metro Denver Project
Aspire of Westminster is part of the 105-acre Downtown Westminster master-planned development on the former site of a regional shopping mall.
Houston Community Receives $11M Refi
Nitya Capital used the loan to retire a prior acquisition financing for the 176-unit Capewood Apartments. Arbor Realty Trust originated the seven-year Fannie Mae loan.
South Texas Community Changes Hands
GVA Real Estate Group took out an $11.5 million Freddie Mac loan to finance the acquisition. JLL Capital Markets brokered the transaction on behalf of the seller.