National
TODAY’S DEALS: TreeTop Development Enters Pennsylvania Market
TreeTop Development enters the Pennsylvania market with the purchase of a 70-unit asset; Ariel Property Advisors closes the sale of a development site in Manhattan; and KeyBank provides $28.6 million in Freddie Mac funding for assisted living refinances.
TODAY’S DEALS: HFF Secures $34M Refi for SoCal Asset
HFF secures a $34 million refinance for a 306-unit community; Beech Street Capital provides $40 million in financing for a Baltimore-area portfolio; and Essex brokers sale of mixed-use property for $1.6 million.
NMHC Reports Upswing in Multifamily Construction
The National Multi Housing Council’s latest Quarterly Survey of Apartment Market Conditions reports that increased demand for rental housing has led to a considerable uptick in multifamily construction.
TODAY’S DEALS: Centerline Provides $328M Structure to Finance Portfolio in Suburban Washington, D.C.
Centerline provides a $328 million Freddie Mac CME loan to finance portfolio of eight properties; Campus Crest Communities announced four new developments; and Beech Street closes $12.5 million for two communities in Southern California.
Ads Aimed at Young Renters Highlight Pitfalls of Living with Parents
New ad campaign aims at young renters by showing pitfalls of moving back in with mom and dad.
TODAY’S DEALS: Harrison Street Completes $125M Acquisition of Senior Housing Portfolio
Harrison Street completes a $125 million acquisition; HFF arranges $23.5 million for a community in Florida; and Red Capital provides $20 million for a high rise in Philadelphia.
TODAY’S DEALS: ARA Brokers Sale of Jacksonville Development Site
ARA brokers the sale of a development site in Jacksonville, Fla.; Walker & Dunlop closes a $50.5 million loan for an acquisition in Florida; and Eastern Mortgage Capital provides $5.1 million for affordable seniors housing.
Strategic Capital Group, Miller Development Break Ground on Fireclay Village TOD
By Gabriel Circiog, Associate Editor One of the largest developments ever to be built in Murray City has broken ground. The 26-acre, $80 million transit-oriented development is a joint venture between Strategic Capital Group and Miller Development Co. Located at 4400 South and 100 West, the mixed-use Fireclay Village will include 400 apartments, 268 income-restricted […]
Halloween Tips for Multifamily Property Managers
Tips for property managers who want to set up Halloween celebrations in their buildings.
Today’s Deals: Beech Street Provides $19.9M Refinance for Georgia Apartments
Beech Street Capital provides a $19.9 million refinance; Marcus & Millichap sells a 17-unit property for $8 million; and Arbor closes nine Fannie Mae deals across all regions totaling $31.5 million.