Regions
Affordable Indiana Community Lands Refi
The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.
PAC Lands 260-Unit KC-Area Community
Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.
KTGY-Designed, Mid-Century-Styled CA Property Breaks Ground
Summerhill Apartment Communities’ The Theo, located in Pasadena, addresses its historic surroundings: a 120-year-old cedar tree and the Theodore Parker Lukens House, a 130-year-old Victorian structure.
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.
Priderock Makes Record Buy in Phoenix
The company purchased the 832-unit Heritage at Deer Valley for $125.5 million, the highest price ever paid in Phoenix for a single community.
Knoxville: No Longer in Nashville’s Shadow?
Both investors and developers are actively seeking opportunities in the market, which is expected to add new units at a rate that has not been met since 2011.
Historic Lafayette Park’s First Luxury Community in 40 Years
DuCharme Place is a $45 million multifamily project inspired by architect Mies’ design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit in the early 2000s.
ARA Leads $38M CO Community Transaction
Previously owned by Jackson Square Properties, the 257-unit community is located in Lakewood, Colo.
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
IEC Snags $34M San Diego Property
The company has acquired Verse La Mesa, a 133-unit, value-add multifamily asset in the La Mesa submarket.