National
HUD Unveils Multifamily Refinance Program that Also Pays for Green Upgrades
Washington, D.C.–HUD has kicked off Green Refinance Plus, which will allow owners of affordable rental housing properties to refinance into new mortgages that include funding for energy upgrades.
TODAY’S DEALS: Atlas/Andover Partnership Purchases 336-Unit Asset in Florida
Atlas Real Estate Partners and Andover Real Estate Partners team up for 336-unit acquisition; Hudson Realty Capital funds $4.28M for two properties; and Waterton Residential acquires a 210-unit, 55-plus adult community in Georgia.
TODAY’S DEALS: Prometheus Buys 342-Unit Property in Oregon
Prometheus completes a $51.2 million purchase of an Oregon community; Senior Living Investment Brokerage Inc. brokers the sale of 17 properties in one month; and HFF closes the sale of a Chicago Class A community.
AvalonBay’s Blair Retires as CEO
New York–AvalonBay Communities Chairman and CEO Bryce Blair affirmed at ReitWeek that he will step down as CEO after 26 years with the company.
TODAY’S DEALS: Berkadia Originates $13M for Illinois Student Housing Property
Berkadia originates $13 million for the acquisition of a student housing property; a JV between Wheelock and Iconic Development acquires a student housing complex in Virginia; and GFI Realty Services sells a Brooklyn apartment building for $7,700,000.
TODAY’S DEALS: NorthMarq Capital Arranges $180M Freddie Mac Mortgage
NorthMarq Capital supplies first mortgage financing of $180 million; C&W arranges the sale of a 48-unit community for $10 million; and Trade Street acquires a 172-unit property in Chattanooga.
TODAY’S DEALS: NorthMarq Capital Arranges $180M Freddie Mac Mortgage
NorthMarq Capital supplies first mortgage financing of $180 million; C&W arranges the sale of a 48-unit community for $10 million; and Trade Street acquires a 172-unit property in Chattanooga.
TODAY’S DEALS: BRE Properties Acquires 282-Unit Community in Oakland
BRE Properties acquires a 282-unit property in Oakland, Calif.; MAA buys a 300-unit community in Richmond, Va.; and HFF secures acquisition financing under Freddie Mac’s Program Plus.
TODAY’S DEALS: Kennedy Wilson Completes 2011’s Largest MF Transaction
Kennedy Wilson completes the largest multifamily asset transaction for 2011; BH Properties purchases a 420-unit community in Phoenix; and Hendricks & Partners brokers a $1.35 million sale of an apartment community in California.
TODAY’S DEALS: The Donaldson Group Acquires 492-Unit Asset
The Donaldson Group and Angelo, Gordon & Company acquire a 492-unit property in Suitland, Md.; Essex Realty Group sells a portfolio consisting of six Chicago properties; and Deutsche Bank Berkshire Mortgage provides $31.3M in interest-only, Fannie Mae financing.