Regions
MN Affordable Housing Secures $16M
Real Estate Equities’ Eastgate Apartments in Rochester, the site of a former dance club, will include 135 units.
Hunt Mortgage Secures $17M for 3 CA Properties
The communities, all in Bakersfield, include 200-unit Village Lane Apartments, 46-unit River Oaks Apartments and 224-unit Park Villa Apartments.
3 Reasons to Invest in Class B Assets
Jay Eisner of LEM Capital details the value proposition of upgrading properties to improve the resident experience without inflating rents.
Bascom Group Acquires Denver Community for $93M
The company secured the 275-unit Modera at Observatory Park Apartments from Mill Creek Residential, which will remain the property manager.
MO Condo High-Rise Finishes Construction
The Cypress at the Lake in Central Beach includes 61 luxury units and a private marina, car charging stations and an indoor/outdoor wine bar.
ABI Brokers $5M Sale in Phoenix
The community underwent an exterior renovation in 2015 when it was acquired by the seller. The current owner has the opportunity to increase value by implementing interior upgrades.
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
Poll: Summer Events
MHN has a new poll! We want to know what’s the most popular summer event at your community.
Robust Demand Keeps Occupancy Up in the Twin Cities
The metro’s multifamily market is an investor magnet, boosted by the presence of Fortune 500 companies and a strong education system, which continue to attract new residents to the region.
Manhattan Nursing Facility Lands Record $127M FHA Loan
KeyBank arranged the refinancing for the 499-bed Upper East Side Rehabilitation and Nursing Center. The funds will be used to pay off an interim acquisition bridge loan and $7 million in capital improvements.