Regions
Rincon Partners Sells Phoenix Community for $34M
LoanCore Capital provided the buyer with nearly $30 million in acquisition financing. The new owner rebranded the asset and chose a new property manager.
Jonathan Rose Cos. Sells Affordable NJ Asset
SVN Affordable assisted the company in the $47.5 million sale of St. Mary’s Villa, an age-restricted property encompassing 360 one-bedroom units.
Evergreen Real Estate Grows Affordable Housing Management Portfolio
The Chicago-based firm added nine communities totaling more than 1,000 affordable housing units located in Illinois, Kansas, Ohio and Wisconsin.
How to Build Multifamily in Today’s Market
In an exclusive podcast, Pat Jackson, CEO of Sabal Capital Partners, talks about what led to the nation’s housing crisis, how preferences have changed, and the programs available for multifamily developers.
Meridian Senior Living Acquires 2 RI Communities
Totaling 272 beds, Chapel Hill and Smithfield Woods include assisted living, memory care and skilled nursing services. The company will also manage the assets.
MA Passes Law to Tax, Regulate Short-Term Rentals
The new legislation is aimed at operators like Airbnb, which filed a lawsuit against the city of Boston over its regulations in November.
Jamboree Breaks Ground on Affordable OC Project
Encompassing 75 units, Santa Ana Veterans Village will cater to homeless veterans and their families. The developer estimates the total development costs at $29.7 million.
Coast Equity Purchases Suburban Seattle Community
Hunt Real Estate Capital provided the buyer with more than $16 million through Freddie Mac to finance the nearly $25 million acquisition.
Bridge Investment Group Pays $144M for WA Portfolio
Wells Fargo Bank provided the buyer with nearly $94 million in financing to acquire the assets, which contain 682 units across two properties
URS Capital Sells Cincinnati-Area Community
PGIM Real Estate Finance provided the new owner with a 12-year, Fannie Mae acquisition loan of more than $14 million.