Regions
Steadfast Buys Lexington Property for $52M
Steadfast Income REIT Inc. has acquired Forty57, a 436-unit garden-style apartment property in Lexington, Ky., for $52.5 million. The property is currently 88 percent occupied.
TODAY’S DEALS: M&T Capital Provides Kennedy Wilson with $51.8M for Two Assets
HFF lands $51.8 million for Kennedy Wilson; San Antonio Commercial Advisors completes a 480-unit sale; and a 46-unit Manhattan Upper West Side building fetches $47 million.
Jones Lang LaSalle Acquires The Apartment Group, Grows Texas Presence
Jones Lang LaSalle has announced that it has acquired The Apartment Group. The price was undisclosed.
Berkadia Acquires One of the Nation’s Largest Multifamily Investment Sales and Research Firms, Hendricks & Partners
Berkadia Commercial Mortgage, a commercial real estate lender and servicer, announced the expansion of its U.S. presence through its acquisition of Hendricks & Partners.
Greystone Welcomes Scott Kavel, Veteran Originator to Seniors Housing Group
Greystone, a national provider of multifamily and commercial mortgage loans, announced that Scott Kavel has joined the firm’s seniors housing group as managing director.
Alliance Residential Company Sells Seattle’s Domaine
Alliance Residential Company has sold Domaine, a 92-unit multifamily community in Seattle it acquired in 2009, to a public REIT.
Economy Watch: Consumers Borrow More for Schooling, Vehicles
Consumer borrowing rose at an annualized rate of 7 percent in November, according to the Federal Reserve on Tuesday. The lion’s share of the increase was non-revolving credit, especially student loans, which was up an annualized rate of 9.5 percent.
Public/Private Financing Unveiled for Brooklyn Apartment Project
1133 Manhattan Avenue, a mixed-use development by the Domain Cos. in Greenpoint, Brooklyn, is a step closer to realization with financing through the New York City Housing Development Corp. and by Goldman Sachs.
The Community Preservation Corporation Announces New Board Members
he Community Preservation Corporation (CPC), a non-profit lender for affordable housing throughout New York State, announced today the election of three new affordable housing career leaders to the CPC Board.
Crossbeam Concierge Constructs Class A Community in San Antonio Area
Crossbeam Concierge is delivering the Villas at Mira Loma, a new Class A apartment community located in the Live Oak submarket of San Antonio.