Regions
Enterprise Homes Triples Footprint with Mid-Atlantic Buy
Acquired from The Shelter Group, the portfolio comprises 43 communities in Pennsylvania, Maryland and Virginia. Enterprise plans to keep the properties affordable.
CBRE Brokers Sale of 43 Affordable Properties
The portfolio includes 4,153 units spread mainly across Maryland, but also in Pennsylvania and Virginia. CBRE Affordable Housing Executive Vice President Jeff Kunitz arranged the sale on behalf of Shelter Group. Enterprise Homes purchased the assets.
On the Market: 5 Interesting Listings for the Week of 7/31
This week’s listings include a vintage schoolhouse converted to a multifamily property and a prospective 15-unit, beach-adjacent loft development in California.
Continental Partners Secures $19M for L.A. Assets
The capital will finance development, refinancing and acquisition of properties in the Westlake and East Hollywood neighborhoods.
HFF Finances 2 Denver Communities
Working on behalf of Mountain View Capital LLC, HFF secured the financing for Coronado Crossing and Valley Park Village. The Denver properties feature 430 units in total.
Granite Investment Buys OR Memory Care Portfolio
Avalon Health Care Group will manage the two facilities, which mark Granite’s first Oregon deal.
JV to Develop $110M SLC Community
Giv Group and Domain Properties will transform a two-acre parcel into The Exchange, a nine-story development that will include market-rate, affordable and micro units, as well as office and retail space.
JV Snags $90M DC-Area Portfolio
Besyata Investment Group and The Scharf Group purchased The Communities at Arbor Vista in the Washington, D.C., submarket of Adelphi, Md. The partnership plans to modernize both the amenities and units.
Manhattan’s Beekman Tower Lands $70M Refi
Meridian Capital Group arranged the 10-year CMBS loan for the 26-story Art Deco building. The property recently underwent a $24.2 million renovation to reposition it as corporate housing.
Berkadia Taps Senior Housing Lead
With nearly two decades of industry, Tim Cobb joins the firm’s D.C. office as managing director & senior housing and health care investment sales lead.