Regions
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
San Jose Multifamily Report – Spring 2019
The market’s strong economy and highly skilled renter cohort continue to support substantial rent growth. The average rent stood at $2,872 as of March, roughly double the national figure.
Portland-Area Apartments Trade for $29M
Pathfinder Partners added to its multifamily value-add platform with the acquisition of a 132-unit community.
Affordable Nashville Community Trades for $9M
Hallmark Co. purchased the 112-unit multifamily asset in the metro’s Fairview submarket using more than $7 million in Fannie Mae financing from CBRE.
$118M Affordable Senior Housing Project Opens in NYC
The Tres Puentes Senior Apartments community will provide 175 homes for seniors and individuals with special needs in the Bronx.
San Francisco Multifamily Report – Spring 2019
Rebounding rent growth boosted investor appetite in the metro, with $2.2 billion in multifamily assets trading in 2018.
LA Community Changes Hands for $24M
Lion Real Estate Group purchased the 100-unit asset in 2015 for $15.5 million and sold it after renovating more than half of the property.
Rehab Complete on 90-Year-Old LA Units
Community Preservation Partners spent $11.9 million on The Curtis Johnson Apartments, a six-building portfolio in the Vermont Harbor neighborhood that the company renovated.
Calvera Partners Expands Value-Add Portfolio
The company has acquired a vintage property in Alameda, Calif. The acquisition is part of its strategic investment plan to reposition old buildings.
San Diego Mixed-Use Community Lands $21M Refi
The proceeds of the 10-year, fixed-rate commercial financing arranged by HFF will be used to refinance an existing construction loan for The Californian, a luxury property in the city’s Point Loma suburb.