News

GSEs Stick to Their Mission in Flat 2019

They are the leading source of multifamily mortgage originations. How do they foresee the market for 2019 and 2020?

Affordable

29th Street Capital Expands FL Footprint

The company has entered the Tampa-St. Petersburg market with the acquisition of a 261-unit community located in St. Petersburg, approximately 5 miles from the city’s downtown.

Market Rate

Berkadia Facilitates $21M Fort Myers Transaction

ESG Kullen’s purchase of 186 units out of the total 290 secures the new owner’s control over the southern Florida condominium association.

Market Rate

Regions

Change City

Miami Worldcenter’s Tropical Tower Is Move-In Ready

Nitin Motwani, managing principal at Miami Worldcenter Associates, reveals details about the first milestone in the development of downtown Miami’s $4 billion project.
Miami 15 February 2019 13:11
FCP Expands Atlanta-Area Portfolio With $30M Buy

Hercules Real Estate Services sold the 210-unit Chroma Park in Austell, Ga. The new owner plans to invest in capital improvements on buildings, amenities and interiors.
Atlanta 15 February 2019 13:06
Dallas Community Changes Hands

NorthMarq Capital provided the buyer, MORE Residential, with more than $43 million in Freddie Mac acquisition financing for the 2013-built asset.
Dallas 15 February 2019 12:23
Boston’s Affordable Housing Market: An Insider’s View

Community Preservation Partners' John Fraser weighs in on the East Coast’s affordable housing sector, pointing out the creative financing methods that preservation developers turn to in order to make projects happen.
Boston 15 February 2019 11:40
Greystone Provides $133M Loan for NYC Asset

The Fannie Mae loan will refinance a mixed-income property encompassing 571 units on the Staten Island North Shore waterfront.
New York 15 February 2019 10:24
Invesco Pays $150M for Boston Mixed-Use High-Rise

The Harlo Fenway features 212 apartments and access to amenities such as an 18th-floor sky deck, yoga terrace and dog spa, as well as ground-floor retail.
Boston 15 February 2019 08:39
NM Community Receives $25M Refi

NorthMarq arranged the financing through its in-house Fannie Mae platform for the 370-unit apartment community, located just a few miles from the Texas border.
West 15 February 2019 08:26