News

GA Development Commands $59M

Fairfield Residential has acquired Trees of Avalon, a 500-unit community in McDonough, Ga., from Watkins Real Estate Group.

Finance & Investment

Western Securities to Expand Dallas-Area Community

Designed by BGO Architects, Phase II of Mustang Station in Farmers Branch, Texas, will encompass 186 units. KWA Construction serves as the general contractor of the project.

Market Rate

Bell Partners Acquires DC-Asset

The company purchased the now rebranded Bell Annapolis on West, a 300-unit community located in Annapolis, Md. Including this property, Bell Partners has completed $645 million in multifamily acquisitions in 2017.

Market Rate

Regions

Change City

Airbnb, FL Developer to Collaborate on Community

Newgard Development Group is working with the home-sharing company to form Niido, which will own a 324-unit apartment building in Kissimmee, Fla. Residents can share their units and access various tools, including a new app that supports checking in and assisting guests.
South 17 October 2017 15:54
Chicagoland, Boston Senior Living Communities to Break Ground

Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.
Boston 17 October 2017 15:22
HFF Lends a Hand in Denver Community Sale

The company marketed the sale of the 291-unit Greenwood Park located within Denver's Tech Center. Holland Partner Group and Principal Real Estate Investors were the buyers.
Denver 17 October 2017 14:26
NJ Senior Community Lands $8M Refi

Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.
Philadelphia 17 October 2017 14:16
IPA Arranges $39M Refi for Del Rey Club Apartments

The borrower, a repeat client of IPA, received the loan structured as a full 10-year term interest only rate of 3.84 percent.
Los Angeles 17 October 2017 13:51
Dougherty Closes Acquisition Loan in South Dallas

The company secured a $6.6 million Fannie Mae loan for the acquisition of a 113-unit multifamily asset in DeSoto, Texas. Dougherty’s Minneapolis and Vienna, Va., offices arranged the financing through a partnership with Old Capital Lending.
Dallas 17 October 2017 12:00
MRES Launches Student Housing Division

The company has acquired its first student housing management assignment of The Vault at Statesboro, a 132-unit community in Statesboro, Ga.
South 17 October 2017 11:04