Regions
Financing Reaches New Level: Super-Competitive
Terra Capital Partners COO Dan Cooperman discussed the company’s strategy as the cycle matures and identified the deal structures that are causing concern.
How the Government Shutdown Impacts Multifamily
With HUD and other agencies currently disabled, residents and private sponsors of government-assisted housing are feeling the fallout from the stalemate over border security.
Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
Nashville Luxury Project Gets $93M Refi
Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
RED Capital Group Expands in LA-Area
RED Mortgage Capital, a division of ORIX Real Estate Capital, opened a new Los Angeles office, three months after expanding into San Francisco.
$190M Secured for LA-Area Luxury Community
JPI will use the financing to develop a 480-unit Class A property situated within Vista Canyon, a 185-acre mixed-use master-planned development in Santa Clarita.
Luxury Community Changes Hands in KC
Union Berkley Riverfront Park includes 407 units and 12,400 square feet of retail space. Flaherty & Collins Properties broke ground on the project in 2016 and completed it in 2018.
VA Community Trades in 1031 Exchange
Capital Square 1031 acquired Woodshire Apartments in Virginia Beach, Va., in a 1031 tax-deferred exchange. The property encapsulates 288 units across 20 buildings.
Marcus & Millichap Facilitates Chicago Sale
The firm has brokered the transfer of an 81-unit community located in Chicago’s Rogers Park neighborhood, approximately 11 miles from downtown.