Regions
St. Louis-Area Community Opens Doors
ZM Management broke ground on the 381-unit development in 2013. The owner financed construction with two loans totaling $21 million.
WA Community Changes Hands
Madison Residential purchased the 63-unit Class B asset for approximately $10 million, with Opus Bank providing more than $7 million in acquisition financing.
Silicon Valley Project Scores $41M Construction Loan
Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.
NYC Condo Development Lands $65M Construction Loan
Working on behalf of the sponsor—a partnership of RJ Capital Holdings and RB Realty Capital—Naftali Credit Partners secured the financing for an upcoming 74-unit luxury community in Queens.
PA Student Housing Community Nearing Completion
The 197-unit community serves students at the University of Pittsburgh, Carnegie Mellon University and Carlow University. The property is scheduled to open in fall 2019.
Berkadia Arranges $37M Loan for WA Community
The company secured the loan through New Jersey-based PGIM Real Estate Finance on behalf of the borrower, Madison VK LLC.
JV Acquires MD Community for $43M
The Donaldson Group, Declaration Capital and Angelo, Gordon & Co. purchased the 288-unit Plaza Towers in Hyattsville. The new owners will implement a capital improvement plan to modernize the property.
Hamilton Zanze Buys Suburban Kansas City Community
The company has entered the Kansas market with the $40.4 million purchase of a 272-unit rental community located in the city’s Overland Park submarket.
Greystar Hires Managing Director in Chicago
Yale Dieckmann, formerly an executive vice president and chief investment officer with JDL Development, will manage Greystar’s new development projects throughout the Midwest.
NJ Gated Community Commands $18M
The 168-unit Landmark West Apartments in Newton comprises 11 buildings on nearly 14 acres, in the midst of landscaped surroundings, recreational land, state parks and golf courses.