Regions
Hunt Mortgage Group Refinances NJ Quintet
The company furnished $15.2 million for Freddie Mac Small Balance Loans. Proceeds will be used to continue to improve the properties, as well as finance future acquisitions.
HPI Sells Portfolio for $278M
The properties comprise 2,954 units across 11 communities in five states. A private investor purchased two of the Atlanta assets and a publicly traded REIT acquired the other nine properties.
360-Unit Luxury Development Breaks Ground in DC Area
The Sur in Arlington, Va., will comprise 360 high-end apartments, 16,000 square feet of retail and several shared amenities.
Iconic Cleveland Building Changes Hands for $40M
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the 295-unit Statler Arms. Michael Barron, Joshua Wintermute and Daniel Burkons represented the buyer.
Upstate NY Affordable Senior Project Breaks Ground
Durand Senior Apartments in Irondequoit is set to provide 70 units and will include on-site health-care facilities.
Origin, Aegon Invest $71M in Denver
The 320-unit Advenir at Saddle Rock offers 20 four-bedroom units, a rarity for the area. To improve the 2002-built property, the new owners plan to invest sizable capital.
IN Affordable Senior Housing Lands $7M in Tax Credits
Historic Sullivan Lofts is slated to include 40 senior housing units and will provide free social services, including physical therapy, medication delivery and off-site transportation to residents 55 and older.
Mixed-Income Asset Coming to Minneapolis
Dougherty Mortgage has closed $42.8 million for Prospect Park Properties and Timberland Partners’ Green on Fourth, a 243-unit community located in the Prospect Park neighborhood.
Supply Moderates Rent Growth in Nashville
The lack of affordable units and record deliveries are dampening growth, although healthy fundamentals and the potential for economic improvement are drawing developers and investors alike.
Economy Watch: More Adults Now Share Living Space
While the Great Recession brought an initial uptick in shared living arrangements, the trend has continued to grow nearly a decade later, according to a recent Pew Research report.