Market Rate
On the Market: 5 Interesting Listings for the Week of 4/30
This week’s listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
Adaptive Reuse Sparks Opportunity in Detroit
Developers and investors showed attendees at the 2018 ULI Spring Meeting how they are converting vacant or obsolete properties into new uses to spur further investment in the city.
Kalterra Capital Lands $26M Construction Loan
The firm will use the financing to build a 213-unit market-rate community in the Dallas suburb of Waxahachie, Texas.
McDougal Sells 3 Northwest TX Communities
The properties, located in Lubbock, comprise more than 1,150 units. Transwestern brokered the deal on behalf of the seller and sourced the buyer.
Berkadia Brokers Midwest Portfolio Sale
The four communities are located in Illinois, Indiana and Wisconsin and sold for $41.5 million. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart represented the seller.
306-Unit Community Trades Near Indianapolis
Tikijian represented the seller, developer and manager of the asset. Flaherty and Collins will take over property management on behalf of the new owner.
Dougherty Secures Acquisition Loan in North Dallas
The company arranged the 12-year term Fannie Mae loan in partnership with Old Capital Lending. The financing features a 30-year amortization schedule.
Promoting Integration at Mixed-Use, Mixed-Income Communities
Multifamily developers and investors at the 2018 ULI Spring Meeting discussed their solutions and strategies for making mixed-income/mixed-use developments more scalable, as well as the challenges they face along the way.
WA Property Lands $11M Freddie Mac Refi
Completed in 2017, The Commons at Innovation Center is part of the Tri-Cities Research District in Richland and comprises 150 units.
Sares Regis Picks Up San Diego Asset
The company financed the acquisition of the 344-unit property with an $80 million loan, which will also be used to fully redevelop it.