Market Rate
Capital One Provides $27M Refi Loan for AL Community
The Birmingham development was completed in May 2016 and was 97 percent occupied upon closing. The three-, four- and five-story buildings comprise 215 units.
Berkadia Finalizes Transactions in NY, FL
The firm secured financing for an affordable 130-unit property, called Tony Mendez Apartments, in Manhattan and two properties, called Fernwood Grove and Poplar Park Terrace, totaling 293 units in Tampa.
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.