Market Rate
Greysteel Arranges Acquisition Loan for TX Community
Lancaster Cornwall Apartments offers 265 units and access to amenities such as two swimming pools, a clubhouse and a fitness center.
OC Development Opens Its Doors
Kam Sang Co. funded the 180-unit first phase of Brookhurst Place in Garden Grove, Calif., with a nearly $38 million construction loan.
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.
Fogelman JV Expands Southeast Portfolio
In conjunction with Thackeray Partners, the firm purchased Legends at Charleston Park in Charleston, S.C., and Westridge in Jacksonville, Fla., for a total of $67 million.
MD Multifamily Buyer Lands $34M Financing
The first mortgage bridge loan provided by Hunt Real Estate Capital financed the acquisition and planned renovations of a 208-unit community in Pikesville, Md.
Pensam Trades San Antonio Community
Triago Ventures financed the acquisition of the 288-unit multifamily value-add property with a $25 million loan originated by Walker & Dunlop.
Gladiator Enters the Ring in SC
The firm acquired the 272-unit community in Columbia from RealSource for nearly $25 million, with the new owner taking a $14.2 million Freddie Mac acquisition loan.
On the Market: 5 Interesting Listings for the Week of 8/6
This week’s selection of listings includes a garden-style community in the Phoenix area, a recently renovated Seattle asset and more.
Kidder Mathews Brokers San Diego-Area 1031 Exchange
Multifamily investment brokers Jim Neil, Eric Comer and Merrick Matricardi represented the buyer in the transaction involving a 26-unit apartment building in Clairemont, Calif.
CBRE Brokers Houston-Area Community Sale
Senior Vice Presidents Clint Duncan and Matt Phillips represented seller Investors’ Property Services in the disposition of the 576-unit Madison Park Apartments, while Executive Vice President Michael Thompson arranged the financing.