National
TODAY’S DEALS: Dezer Pays Off $265M Mortgage on Miami Beach Trump Towers
Dezer pays off a $265 million mortgage on two of the Trump Towers in Miami Beach, Fla.; Arbor closes six Fannie Mae deals totaling $23.6 million; and Walker & Dunlop closes a $4.2 million acquisition loan secured by a 50-unit property in Minnesota.
TODAY’S DEALS: Home Properties Acquires Two Communities for $65.1M
Home Properties acquires two properties for a $65.1 million total; Essex Realty arranges a bulk sale of 31 condo-converted units for $2.15 million in Chicago; and Marcus & Millichap brokers the sale of a 444-unit community in Largo, Fla.
Freddie Mac Offers $1B in Multifamily Securities
McLean, Va.–Freddie Mac expects to offer approximately $1 billion in Structured Pass-through Certificates–K Certificates–offered to the market by a syndicate of dealers.
TODAY’S DEALS: Trecap Purchases Two Oregon Communities for $53.9M
Trecap Partners acquires two communities in Oregon for $53.9 million; Western National completes a $31 million acquisition in Orange County; and Education Realty Trust closes on the ground lease of a new student-housing community at Syracuse University.
U.S. Public Housing Needs Exceed $21 Billion
Boston–A capital-needs assessment released today by Recap Real Estate Advisors finds that public housing needs in the United States exceed $21 billion.
TODAY’S DEALS: NorthMarq Capital Arranges $98.35M Tax-Exempt Bond Securitization
NorthMarq arranges a $98.4 million tax-exempt bond securitization for a national bond portfolio; Phoenix Realty Group buys a 220-unit community in Los Angeles for $23 million; and Cassidy Turley brokers the sale of 1.7 acres of land in Phoenix for a student-housing development.
TODAY’S DEALS: Cushman & Wakefield Sells a 200-Unit Community in Mass.
Cushman & Wakefield arranges the sale of a 200-unit community in Mansfield, Mass.; Education Realty Trust and The Edwards Company close financing and begin construction on a student-housing community in Alabama; and Walker & Dunlop closes a $13.2 million HUD 223(f) loan.
TODAY’S DEALS: IPA Sells Newly Constructed L.A. Community for $133M
IPA completes the sale of a newly constructed 438-unit property in Los Angeles for $133 million; Tryko picks up a campus of age-restricted properties in West Philadelphia; and GFI sells a rent-stabilized building in Brooklyn for $5.15 million.
TODAY’S DEALS: NorthMarq Capital Arranges $55M Mortgage
NorthMarq Capital supplies a $55M refinance mortgage for an upgraded property; Johnson Capital arranges $50M in financing secured by a 414-unit community in San Francisco; and Newcastle Limited purchases two Chicago properties for $9.1M.
HUD Awards $1.9B to Preserve Ailing Public Housing Stock
Washington, D.C.–HUD has awarded more than $1.9 billion to public housing authorities to make large-scale improvements to units very much in need of repair.