National
Freddie Mac Securitizes More Multifamily Mortgages
McLean, Va.–Freddie Mac has made a new offering of about $1 billion of K-011 Certificates, backed by 76 recently originated multifamily mortgages.
TODAY’S DEALS: Praedium and Fairfield Acquire Maryland Apartment for $31M
The Praedium Group and Fairfied Investment Company purchase $31 million apartment building in Maryland; CB Richard Ellis sells a Jersey Shore asset for $4.5 million; and Red Capital’s $50M mortgages take out construction financing.
TODAY’S DEALS: KTGY Designed Student Housing to Break Ground at Univ. of La Verne
KTGY-designed mixed-used student housing project to break ground at La Verne Univ.; Education Realty Trusts has purchased two communities next to the Univ. of Virginia; and NorthMarq arranges $15.5M mortgage for property in San Diego.
Waterton Goes Hunting for More Multifamily
Chicago–Waterton Residential has closed on a $500 million multifamily investment fund that will specialize in seeking value-add multifamily opportunities through repositioning and recapitalization properties.
TODAY’S DEALS: HFF Arranges $22.35M in Financing for North Texas Multifamily Community
HFF arranges $22.35 million in financing for La Valencia at Startwood; Federal Capital Partners buys two Maryland communities; and Beech Street funds $31.4 million Fannie Mae loan originated by Meridian Capital.
Dune and TDI Form $1B Multifamily JV
Dune Real Estate Partners and TDI Real Estate Holding have formed a joint venture to acquire and develop multifamily assets throughout the United States.
TODAY’S DEALS: Senior Housing Properties Trust to Buy 20 Communities for $304M
Senior Housing Properties Trust to acquire 20 communities for $304 million; Harbor Group affiliates to buy 20 property mulifamily portfolio for $165.9 million; and Transwestern Realty funds mezz loan for new construction.
TODAY’S DEALS: Walker & Dunlop Closes $12.7M Refinance of Construction Loan for Texas Student Housing
Walker & Dunlop closes $12.7 million refinance of construction loan; Dolben acquires Northgate Apartments for $19.1 million; Berkadia refinances Wyoming student housing; and NorthMarq’s investment sales team arranges student housing transaction.
HUD Awards LISC $19M to Bolster Nonprofits
New York–The U.S. Department of Housing and Urban Development has awarded the Local Initiatives Support Corporation (LISC) a $19.3 million Section 4 capacity-building grant to help community-based nonprofits lead affordable housing and economic development efforts in low-income communities.
TODAY’S DEALS: ARA Executes Sale of 267-Unit Community in Charlotte, N.C. for $40.5M
ARA closes the sale of Elizabeth Square in N.C.; Salmanson acquires Nebraska student housing; and Berkadia Commercial Mortgage originates a $13.35 million loan through conduit.