News

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.

Market Rate

MRES Launches Student Housing Division

Formerly known as Campus Evolution Villages, the student housing community will undergo a number of interior and exterior upgrades by including new appliances, furniture, private study rooms, fitness center and other amenities.

Slideshow

Top 10 Apartment Owners in Phoenix

The area's population and employment growth has driven up demand, but supply is keeping up, maintaining apartment occupancy high. The market’s robust performance has also spurred new waves of investment across the metro.

News

Regions

Change City

Peak Campus to Manage 504-Unit Student Housing Community

University Center Chicago was acquired by a joint venture between AXA Investment Managers – Real Assets and Blue Vista Capital Management back in July. The 18-story building is located in the heart of the city and will undergo an interior renovation.
Chicago 17 October 2017 09:57
Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood

Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city's inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site's future as a mixed-use global neighborhood.
Seattle 16 October 2017 15:47
Lantower Lands 451-Unit FL Asset

The company purchased Seneca at Cypress Creek, a 2010-built community in the Lutz/Wesley Chapel submarket of Tampa, Fla. With this acquisition, Lantower’s portfolio comprises 14 multifamily properties totaling 4,600 residential units.
Tampa 16 October 2017 14:31
FCP Snags $24M Tampa Community

Federal Capital Partners has acquired The Commons Apartments, a 200-unit, garden-style property. The company plans upgrades, including converting the leasing office to a gym and the addition of washer-dryers to individual apartments.
Tampa 16 October 2017 14:28
BPDA Approves Two Residential Projects in Boston

The two developments will bring 101 residential units to Dorchester and South Boston, including 13 affordable units, as well as ground-floor retail.
Boston 16 October 2017 14:15
Fairfield Residential Secures $51M for MD Apartments

The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.
Midatlantic 16 October 2017 13:52
Houston-Area Communities Land $87M in Financing

Two Houston-area multifamily assets, with a total of 1553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects feature floating-rate, interest-only and non-recourse loans.
Houston 16 October 2017 13:35