Mid-Atlantic
Beech Street Capital Provides $49.5M in Acquisition Financing
Beech Street Capital LLC announced that it has closed on a $49.5 million Freddie Mac CME loan to acquire a 409-unit multifamily community in Woodbridge, Va. Beech Street Capital, as part of its relationship with Meridian Capital Group LLC, financed the transaction.
MAA Buys Second Apartment Community in Fredericksburg
MAA has completed its acquisition of Station Square at Cosner’s Corner, a 260-unit apartment property in Fredericksburg, Va., for an undisclosed price. The seller was the property’s developer, Johnson Development Associates, and includes an undeveloped parcel.
Suburban D.C. Apartments Slated for $8M Renovation
Work has started on an $8 million renovation of the Overlook Apartments in Hyattsville, Md.
Enterprise Developing Affordable Seniors Housing in Baltimore
Enterprise Homes Inc., a Columbia, Md.-based developer, is developing two affordable seniors housing projects in the Baltimore area.
The Bozzuto Group and Peterson Companies Break Ground on the Esplanade at National Harbor
Financing has been completed and construction begun on The Esplanade at National Harbor, an apartment building to be developed at National Harbor in Washington, D.C.
MBA Announces Appointment of Margaret A. Colon as Chief Administrative Officer
David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), announced the appointment of Margaret A. Colon to be MBA’s new chief administrative officer, effective immediately.
CORT and Folds of Honor Foundation Launch Texting Program to Raise Money for Military Families
As part of CORT’s partnership with the Folds of Honor Foundation, the transition services company has introduced a new texting program that allows customers to make a donation for educational scholarships that benefit children and spouses of fallen or severely injured soldiers from the convenience of their mobile phones.
JAG, Perseus Realty and Rockpoint Group Sell 231-Unit Luxury Apartment Building in D.C.
A joint venture between Jefferson Apartment Group, Perseus Realty and Rockpoint Group has sold 14W, a 231-unit luxury apartment building located in the popular U Street neighborhood of Washington, D.C.
Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities
The Housing Partnership Equity Trust announced that it has raised $100 million. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.
New Annapolis Apartment Property Begins Leasing Effort
Leasing has started at Crosswinds, a midrise apartment development in Annapolis Towne Centre. A Bozzuto Group development near downtown Annapolis, the property will offer 215 units when completed this summer, with studio, and one- and two-bedroom apartment options.