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ASC Arranges Financing for Chicago Multifamily Asset
Winthrop Place, located in Edgewater, will benefit from a $1.5 million refinance loan. The 1968-built property consists of 16 studios and 41 one-bedroom units.
Dougherty Closes $7M Loan for Irving Community
The company completed a 12-year, two-year interest only Fannie Mae loan for the 134-unit property.
HPI Acquires $23M Atlanta-Area Community
This marks the final acquisition by HPI Real Estate Fund IV, which closed to new investors in December 2016 after purchasing 12 properties totaling 2,616 units.
29th Street Capital Buys 12th Bay Area Community
The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.
Illinois Senior Living Communities Change Hands
Senior Living Investment Brokerage Inc. sold Keystone Gardens and Keystone Meadows for $12 million. The two properties have nearly 100,000 square feet combined.
Capstone Expands Texas Property Management Portfolio
The firm added five communities across the state, bringing its portfolio to roughly 35,000 units. Property locations include Brownsville, Clear Lake, Pearland, Pharr and San Marcos.
Federal Capital Partners Takes 2 in Tampa
The company, which is headquartered outside of Washington, D.C., expanded its Florida footprint with the $21 million acquisition of two properties totaling 292 units.
San Antonio Community Gets $17M in Fannie Mae Financing
Dougherty Mortgage LLC arranged a 12-year Fannie Mae acquisition loan for the 344-unit community Parc 410 Apartment Homes in San Antonio.
Robbins Electra Snags Atlanta-Area Portfolio
The 920-unit, three-property portfolio includes Marbella Place in Stockbridge, The Parke at Oakley in Fairburn and Belle Vista in Lithonia.
Dallas Apartments Receive $11M Fannie Mae Financing
Located in Waco, Texas, the 256-unit residential community received a 10-year Fannie Mae loan with a 30-year amortization schedule. Doughtery Mortgage, a conventional and affordable debt provider headquartered in Minneapolis, secured the financing on behalf of Upper Level Acquisitions II LLC, a Texas-based entity.