News

TD Bank Invests in Affordable Philly Community

The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.

Affordable

TruAmerica Nabs Orlando Community for $48M

TruAmerica has expanded its portfolio with the purchase of Arium Falcon Pines, a 300-unit luxury community. The property will be rebranded as Canterbury Cove, and receive interior and exterior upgrades.

Luxury

Brooklyn Luxury Condo Sales Set New Record

The 14-unit 868 Lorimer On The Park is 50 percent sold within three months of The Serhant Teamlaunching sales. The property also includes Greenpoint neighborhood‘s most expensive condo sale.

Slideshow

Regions

Change City

Bellwether Closes $42M for 3 Affordable Properties

The properties, all in Charlotte, N.C., include the 381-unit Southside Homes, the 176-unit Edwin Tower and the 161-unit Charlottetown Terrace.
Charlotte 18 October 2017 17:47
Passco Buys LA Apartments

Watervue, a 264-unit community in Lake Charles, La., features two lakes, as well as amenities such as a fitness center, swimming pool and outdoor kitchen.
South 18 October 2017 16:12
PB Bell Begins Construction on AZ Senior Housing

In partnership with Cadence Senior Living, the company is developing Inspira Arrowhead, a 165-unit senior housing community in Glendale, Ariz., that will feature both independent living and memory care apartments.
Phoenix 18 October 2017 15:48
Rapid Job Gains Reshape Tampa

Above-trend job growth continues to put the metro in the spotlight as a prime coastal market, both in Florida and nationally. Solid fundamentals and a diverse economy fuel Tampa Bay’s multifamily sector, with the region producing strong rent gains.
Tampa 18 October 2017 15:35
JV Buys 649-Bed KY Student Housing

Campus First Student Living and CF Real Estate Services acquired The LEX, a 266-unit community serving students attending the University of Kentucky.
Midwest 18 October 2017 15:31
DC Community Trades for $10M

Greysteel brokered the sale of Cascade Park Apartments on behalf of NOVO Properties, located within minutes of the Capitol Riverfront. According to Yardi Matrix data, occupancy is currently at 94 percent.
Washington Dc 18 October 2017 15:24
San Jose Luxury Development Lands $201M

HFF worked on behalf of Greystar to secure the construction loan through Otéra Capital. The Reserve is expected to be completed in 2020.
San Jose 18 October 2017 15:17