National
TODAY’S DEALS: Raintree Partners Acquires 270-Unit Property in Burbank for $43M
Raintree Partners aquires a 270-unit Burbank property in Burbank, Calif.; Red Capital Markets provides $19M in tax credit equity; and Oak Grove Capital recently originated $20.7 million for two seniors housing communities.
TODAY’S DEALS: Lee & Associates Closes 240-Unit Transaction in Ontario, Calif.
Lee & Associates transacts $35 million apartment sale in Ontario, Calif.; Praedium Goup and Greystar joint venture to acquire a value-add opportunity for $21M; and CBRE provides $23.7 million refinancing for Tucson, Ariz. property.
TODAY’S DEALS: Security Properties Acquires 78-Unit Mixed-Use Apartment
Security Properties acquires a 78-unit apartment building for $15 million; Essex Property Trust issues $150 million of senior unsecured notes; and ARA brokers sale of Texas asset.
TODAY’S DEALS: HFF Closes $42.8M Atlanta Sale
Holliday Fenoglio Fowler closes a 301-unit apartment sale in Atlanta; Marcus & Millichap sells an 84-unit assisted living facility in Louisiana; and Hendricks & Partners Brokers sale of townhomes at 5.13% cap.
TODAY’S DEALS: Western National Acquires Allure Apartments for $38.1M
Western National Realty Advisors acquires community for $38.1 million; NAI Tampa Bay represents buyer on lened-owned purchase; and CB Richard Ellis negotiates $970K sale of apartments.
TODAY’S DEALS: PCCP Provides $22M Loan for Acquisition of Busted Condos in Nashville
PCCP provides senior loan for the acquisition of a busted condo development; HSI closes financing on a Wisconsin community; and Bay Apartment Advisors brokers the sale of a 22-unit property in Oakland, Calif.
TODAY’S DEALS: HFF Closes $18M Sale of Suburban Indianapolis Community
HFF completes sale of Indiana community for $18 million, and Beech Street Capital funds $9.9M loan via Meridian Capital Group.
Transforming Poverty-Stricken Neighborhoods
Having recently journeyed to Washington, D.C. to meet with members of Congress and the Obama administration, IMS’ Cheryl Lang reports back on the state of federal housing programs.
TODAY’S DEALS: Eustis Closes Loans on Two Louisiana Apartment Communities
Eustis Commercial Mortgage Corporation closes loans on two Louisiana apartment communities; AFL-CIO provides $4.7 million of union pension capita for senior cooperative housing; and Essex Realty Group brokers $1M sale of vintage apartments in Chicago.
Economy Watch: Existing Home Sales Take a Dive
Tight credit contributes to home sales dropping; the Treasury will start selling some of the mortgage-backed securities it acquired after the 2008 crash; and the Chicago Fed’s National Activity Index registers a downtick.