Regions
NJ Asset Lands $31M Loan
Capodagli Property Co. will use the construction mortgage from Sterling National Bank to build 172 units in the first phase of Meridia Brownstones in Rahway.
Fogelman Properties Hires New Acquisitions VP
Mike Aiken brings more than 12 years of experience to the firm. In his new role, he will oversee the company’s multifamily acquisitions.
Rittenhouse Realty Sells Again in Philly’s Fishtown
The property, originally constructed in the late 19th century, was transformed into a luxury community and features a ground-floor commercial space currently leased to Fishtown Brewery.
2 CA Properties Obtain $125M
KeyBank Real Estate Capital originated the loans for the 385-unit Paseos Apartment Homes in Montclair and the 225-unit Pier in Los Angeles.
1031 Crowdfunding Buys Portland-Area Memory Care Facility
The 48-bed Rosewood Specialty Care is located across the street from Rosewood Park, another assisted living community that Frontier Management operates.
NHI Acquires Ohio Senior Housing Portfolio for $70M
Totaling 320 units, the communities will be leased to an affiliate of Bickford Senior Living at an initial rate of 6.9 percent with annual fixed escalators and a 15-year maturity.
Is New Jersey’s Investment Landscape in for a Treat?
Jeff Holzmann, managing partner of iintoo, discusses the company’s investments in Garden State and why Newark looks like the right candidate for Amazon HQ2.
Bridge Multifamily, Freddie Mac Team Up for Affordable Housing Initiative
Freddie Mac will purchase and aggregate up to $500 million in loans over a one-year period, allowing Bridge to acquire, improve and preserve workforce and affordable housing across the U.S.
Garden-Style Community Changes Hands in CT
HFF brokered the sale of Gull Harbor, an 80-unit community in New London that is part of a fractured condo property.
Economy Watch: Apartment Development to Spike in Certain Markets
In 10 of the nation’s 50 largest markets, apartment supply in 2018 is expected to increase 40 percent or more from 2017 levels, according to a recent RealPage report.