Market Rate
On the Market: 5 Interesting Listings for the Week of 4/17
This week’s listings include a newly renovated and college-adjacent property in Rowland Heights, Calif., and a 28-unit Phoenix community offered for less than $1 million.
Dallas Community Hits the Market
Boyan Radic and Doug Banerjee of Greysteel’s DFW offices will market the two-building, 94-unit asset located 5 miles from Downtown.
Historic Brooklyn Building Up for Grabs
Greysteel’s Michael Stimler and Ari Azarbarzin will market the 10-unit 185 Prospect Park W. The property was constructed in 1920 and is located steps away from the 15th Street-Prospect Park subway station.
HLC Equity Nabs 192-Unit Community in Dallas
The property is located within the Plano Independent School District and offers 64 studios and 128 one-bedroom apartments.
NorCal 410-Unit Portfolio Trades for $52M
Berkadia brokered the sale and secured $38.9 million in financing for six apartment properties in Chico, Calif.
Modera Portfolio Lands $364M Refinancing
A CBRE Capital Markets team assisted the owner in securing the five-year loan. Morgan Stanley originated the financing measure for the acquisition.
Oakwood Opens 3rd LA Corporate Housing Property
The 201-unit community is the ninth U.S. corporate housing asset owned by Singapore-based Mapletree Investments, the firm’s parent company.
Nashville’s Largest Mixed-Use Project Begins Construction
Fifth + Broadway will feature 350 residential units, 235,000 square feet of retail and entertainment space, 385,000 square feet of Class A office and more than 2,000 parking spaces.
On the Market: 5 Interesting Listings for the Week of 4/10
MHN’s recent finds include two Colorado properties: one in the burgeoning Colorado Springs student housing market, and a historic four-unit property in Denver built in 1890.
California MHC Lands $14M Refi Loan
The 10-year fixed-rate loan has 9.5 years of yield maintenance and one year of interest-only payments, followed by a 30-year amortization schedule.