News

Rainbow to Provide Services for Phoenix Affordable Community

The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.

Affordable

PPD Holdings to Get $111M in Construction, Refinancing Loans

The company received $47 million in refinancing loans for two communities in Greater Atlanta. PPD is waiting for a final approval on two more credit facilities, totaling $64 million, for the construction of 464 multifamily units in Florida.

Market Rate

RADCO Expands GA Footprint With 38th Acquisition

The Atlanta-based developer acquired Ashford 6860, a 260-unit property in Norcross. The $22 million deal marks the company’s eighth purchase in the Gwinnett County submarket.

Slideshow

Regions

Change City

Michigan Avenue Tower MILA Gets $150M Refi

The 402-unit Chicago high-rise was developed by a joint ventured led by John Buck Co. The floating rate loan will be used to fund the original construction financing.
Chicago 18 August 2017 10:36
CBRE Closes Inland Empire Sale

Evart Street Apartments in Montclair, Calif., changed hands for $8.9 million, one of the highest per-square-foot prices for a multifamily property in the area, according to the brokers.
Inland Empire 18 August 2017 08:49
Lena New Boston Breaks Ground on 41 Mixed-Income Units

The $200 million redevelopment of the former Boston State Hospital site entered a new phase, which will include 22 affordable units. The project is part of Olmsted Green, a 42-acre development in the heart of the city.
Boston 17 August 2017 21:17
Phillips Realty Arranges $31M Financing for PA Development

The company worked on behalf of Woodfield Investments, the developer of the 320-unit Woodfield at Valley Forge in suburban Philadelphia. Adam Bieber, managing director at Phillips Realty Capital, structured the loan.
Philadelphia 17 August 2017 20:53
Walker & Dunlop Arranges $86M for Portfolio Upgrade

The financing will support the renovation of 1,208 units in Florida and Texas, as well as enable the borrowers to recapitalize the assets and handle deferred maintenance.
South 17 August 2017 18:58
CBRE Secures $35M Financing for Tampa Student Housing

Horizon Realty Advisors purchased a 206-unit student housing property for $46.6 million. Benjamin Roelke of CBRE secured the long-term financing for the acquisition of Venue at North Campus.
Tampa 17 August 2017 16:36
LA Senior Communities Receive $19M Mortgage Financing

The funding, obtained through the company's bond purchase program, will be used for the acquisition, rehabilitation and permanent financing of three affordable developments.
Los Angeles 17 August 2017 16:24