Regions
Fore Property Sells Phoenix-Area Asset for $79M
The buyer financed the acquisition with a $62.2 million loan from TPG Capital. The 344-unit Summerly at Zanjero is LEED Silver certified.
Lincoln Property Names New COO
Margette Hepfner will be responsible for the company’s residential management division and executive oversight of the daily operations for the multifamily portfolio.
FHFA Sets $200B Cap on GSE Multifamily Business
The policy change limits loan purchases by Fannie and Freddie to $100 billion apiece and shifts more resources to affordable housing.
Silverstone Senior Living Makes its Mark in Maryland
Construction has begun on The Seneca of Rockville, a $76 million community in Rockville, Md., one of the company’s three new developments in the Washington, D.C., market.
Close-Up on Albuquerque’s Turnaround
YES Housing’s Chris Baca sheds light upon the metro’s growing multifamily sector and explains how investing in an emerging market can entice businesses to the area, bring jobs and add value to the entire community.
Partially Affordable Community Opens Doors in Chicago
The Concord at Sheridan includes 111 mixed-income units and is the result of a public-private partnership.
Colliers International Arranges Boston-Area Sale
The firm represented the seller, R.H. White Cos., in the disposition of a 112-unit Class A community in Millbury.
Wood Partners Opens Luxury Community in Oakland
The 196-unit Alta Waverly marks the company’s fourth property in the city and eighth in Northern California.
The Fifield Cos’ Mark Lecocq Joins CRG
In his new position as senior vice president, Lecocq will lead capital market efforts for mixed-use and multifamily projects across Chicago.
Keybank Originates $32M in Financing for 2 Columbus Assets
New Life Multifamily Management is the owner of both communities, which total 747 units and are located approximately 13 miles from the city’s downtown.