Regions
Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production
Bellwether Enterprise announced it provided more than $1.5 billion in financing in 2012, including $1.2 billion since Bellwether Real Estate Capital merged with Enterprise’s Multifamily Mortgage Finance business in May of 2012.
McKinley and Avanath Capital Launch New Partnership
Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, founder, chairman and CEO of Avanath Capital Management, jointly announced the launch of “mckinley – avanath” a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.
Loan Secured for Supportive Housing Rehab in NY’s Dutchess County
The renovation of 116 units of supportive housing at Hudson River Lodging has been made possible through a $2.4 million permanent loan.
Economy Watch: Gas Prices Pause in Upward March
Gas prices did something a little unusual over the weekend: they went down slightly. According to AAA, Saturday’s national average was down a 10th of a cent per gallon compared with Friday, and Sunday’s average was down a bit more compared with Saturday, from $3.78 to $3.777 a gallon.
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
Philly Investor Bags Jacksonville Apartment Community for $56M
GoldOller Real Estate Investments LLC has acquired Country Club Lakes Apartments for $56 million.
Hebron Properties Brings ‘Great Australian Living’ Concept to Bangalore
Hebron Properties, an India-based real estate developer, has launched an ultra-luxury residential project near T.C. Palya in K.R. Puram in Bangalore.
Walker & Dunlop Arranges $157M in Finance for Off-Campus Housing
Real estate finance specialist Walker & Dunlop Inc. reports that it originated $157.1 million in financing for off-campus student housing properties located nationwide last year, an indication of the popularity of that kind of multifamily development, particularly as sustained by the GSEs.
Eastern Carolina’s North Campus Crossing Changes Hands
Student housing investment and development firm Pierce Education Properties, partnering with an affiliate of Core Properties, has acquired Phase I and Phase II of North Campus Crossing, an off-campus housing community serving Eastern Carolina University students.
TODAY’S DEALS: JV Lands Acquisition Financing for N.C. Student Asset
Pierce Education and Core Properties land acquisition financing through HFF; Behringer Harvard acquires a 312-unit community in Jacksonville; and McKinley obtains a $14.2 million bridge loan with Bank of America.