Mid-Atlantic
Partnering to Preserve Affordable Housing
Enterprise Community Investment President & CEO Charles Werhane and Community Preservation and Development Corp. President & CEO Michael Pitchford spoke with MHN about their plans to tackle challenges in the Mid-Atlantic.
DCHFA Provides $11M Loan for Senior Community
The agency has provided financing for the construction of the 65-unit Trinidad property. Neighborhood Development Co., Tennyson Ventures and The Ardent Co. are spearheading the project.
DCHFA Closes $11M Deal to Fund DC Affordable Community
The agency issued $11.3 million in bond financing for the preservation of 94 affordable units at Maplewood Apartments in the southeast quadrant of the nation’s capital.
JMG Realty Moves out of VA Luxury Student Housing
JMG Realty sold North 38, a 228-unit, 816-bed luxury student housing community at James Madison University in Harrisonburg, Va.
Enterprise Community Investment Combines With CPDC
The deal represents an opportunity for the companies to improve access to affordable housing at a time when prices are rising and credits are limited.
IDI Completes Luxury VA Property
The company completed the first of two buildings in its Rivergate community, located in Woodbridge. Kettler is handling the management.
Aurelie Capital Spends $20M in Richmond
Millspring Commons, a 159-unit community in Virginia, is the new private equity firm’s first acquisition. The company plans to add value by finishing a renovation program started by the previous owner.
Berkadia Facilitates $52M Loan for VA Luxury Project
The upcoming 450-unit luxury community will be situated in Fredericksburg, Va., along Jefferson Davis Highway. The Breeden Co. estimates a total investment of $85.5 million.
Out-of-State Investor Grabs Baltimore Apartments
Sage Management sold the 56,000-square-foot Windsor Arms in a deal facilitated by SVN REALSITE. The community includes market-rate and subsidized units.
Affordable VA Community Receives Preservation Deal
Standard Communities and the National Foundation for Affordable Housing Solutions acquired Park Shirlington in Arlington. Designed for low-income families, the property includes 294 units.