Regions
Preferred Apartment Communities Sells Nashville Asset
A joint venture between Security Properties and Reinsurance Group of America picked up the suburban 364-unit community for $55 million.
Chicago-Area Community Trades for $131M
FPA Multifamily picked up the 758-unit asset, financing the acquisition with a 12-year, $95 million Fannie Mae mortgage originated by Berkadia.
Coastal Ridge Adds to OH Portfolio
The Edge at Arlington, previously known as LeMans Village, has 229 units and amenities include 12 laundry facilities and a basketball court.
MHN Announces the Excellence Award Winners
Multi-Housing News and Commercial Property Executive hosted a joint reception on Thursday, Oct. 25th to announce the winners of the 2018 MHN Excellence Awards and CPE Distinguished Achievement Awards. For more on this year’s awards program, check out our full coverage.
JV Acquires NYC Portfolio for $60 Million
Greystone provided $45 million in bridge financing for the three buildings located in Washington Heights, Morningside Heights and West Harlem.
Affordable Senior Community Breaks Ground in NJ
The new rental community will feature 54 one-bedroom apartments for seniors aged 62 and older, with five units set aside for formerly homeless senior residents.
IN PHOTOS: The 2018 CPE/MHN Awards Party
The 2018 MHN Excellence Awards drew multifamily professionals from around the country to celebrate the industry’s top projects, professionals and companies.
Donaldson Group Expands Management Portfolio
The company has taken over management operations at two recently sold communities in Virginia—the 457-unit Rivermont Crossing in Chester and the 168-unit Lafayette in Norfolk.
KeyBank Arranges $63M for Multifamily Portfolio
The properties include Cambrian in Aurora, Colo.; Ascott Place in Tampa; and The Cascades in Phoenix. The loans were secured through Fannie Mae.
Trinity Properties Lands $300M Refi in San Francisco
PGIM Real Estate Finance provided the refinancing package on eight of the owner’s communities.