Market Rate
HFF Facilitates $800M Refi for Starlight
The Toronto-based company will use the financing to reduce its exposure to interest rate hikes, extending the weighted average term to maturity to 6.1 years.
Equity Management Partners Sells Tampa-Area Community
Marcus & Millichap facilitated the sale of LeMans, a 198-unit property located in Lakeland, Fla. The company represented the seller and procured the buyer in the deal.
Chicago Multifamily Tower Lands $149M Refi Loan
The Gallery on Wells is a recently completed 40-story residential building situated in the River North submarket.
Oak Coast Properties Expands Denver Portfolio
HFF arranged the acquisition loan through Freddie Mac’s CME program on behalf of Oak Coast. The pet-friendly community offers convenient access to downtown Denver.
Suburban CO Community Commands $42M
Located in Boulder County, close to major employment centers and developing areas, Stonebridge at Twin Peaks encompasses 172 garden-style units.
Tikijian Associates Arranges $122M Indianapolis Portfolio Sale
The seller acquired Westlake, Woods Edge, Wind Drift, Villa Nova and Riverwood back in 2009 in a portfolio sale. The buyer plans to renovate and rename the properties.
NKF Arranges Sale of 3 TX Assets in 2 Deals
All three assets, totaling 905 units, are located in south Austin. Farmhouse is a core luxury community, while Estates at Southpark Meadows and Terraces at Southpark Meadows are value-add properties.
MRC Provides $68M For New Jersey TOD
The funding will be utilized for a two-phase, 640-unit project adjacent to the new PATH train station in Harrison.
Cushman & Wakefield Arranges $50M Sale in Fort Myers
The firm represented Mosaic Development in its disposition of Mosaic at the Forum, a 252-unit, newly constructed apartment community managed by Incore Residential.
Detroit-Area Communities Receive $47M Financing
Both Fannie Mae Green Rewards loans include a 10-year term and a low fixed rate. Greystone originated the refinancing on behalf of Singh Development Co.