Regions
Supportive Housing Coming to Brooklyn
Comunilife and NYC Health + Hospitals broke ground on a $28 million, 89-unit community that will provide housing to low-income residents and individuals with behavioral health issues.
Green Bridge Closes Bulk Cleveland Sale
Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
Inland Empire Asset Trades in 1031 Exchange
Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.
Habitat Lands, Assumes Management of Chicago Asset
The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.
DC-Area Community Trades for $129M
Located one mile east of Interstate 270, Fenestra was completed in 2008 and is part of the 1.7 million-square-foot Rockville Town Square.
AvalonBay Obtains $185M Refi for 3 Properties
The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.
Berkadia Completes $61M Sale of Seattle Community
Carroll’s Creek Landing is in close proximity to various shopping options including Walmart, Best Buy and Target. The 288-unit community serves as military housing.
Palo Alto Housing Unveils Revitalized Affordable Asset
Colorado Park Apartments reopened after a $31.9 million renovation. The property is the oldest in the non-profit agency’s portfolio.
Northern NJ Community Trades for $41M
Gebroe-Hammer Associates represented both parties in the sale of Crest Ridge Apartments, a 178-unit, garden apartment community located in West Orange, N.J.
Deadline Extended: 2017 Top Owners Survey
Don’t miss out on the chance to participate in the MHN-CPE 2017 Top Owners survey! The information you provide will determine which firms have the best-owned property portfolios.