Regions
Co-op Lender Reports Increased Volume
Lending to co-ops continues to be brisk, according to a specialist in the field, National Cooperative Bank. In March, the company originated more than $77 million in those kinds of loans, compared with $51 million in February.
TODAY’S DEALS: Kennedy Wilson Adds 188-Unit Asset to Calif. Portfolio
Kennedy Wilson completes a $34 million acquisition; American Campus Communities enters a referral agreement with the University of South Florida; and NorthMarq arranges a $28.2 million Fannie Mae mortgage.
Housing Starts Rise on Strength in Multifamily in March
Soaring production of multifamily apartments pushed nationwide housing starts beyond the million-unit mark for the first time since 2008 in March, according to newly released figures from HUD and the U.S. Census Bureau.
Harbor Group International Acquires Ocean Front Apartments in Virginia Beach for $34M
Harbor Group International has acquired the Virginia Beach, Va.-based Mayflower Seaside Apartments from Fairfield Mayflower Seaside LLC for $34 million.
Marty Lanigan Joins Greystone as Executive Vice President
Greystone, a national multifamily and healthcare mortgage lender, has appointed veteran real estate finance expert Marty Lanigan as executive vice president.
Economy Watch: Homebuilder Confidence Slips
As the U.S. residential market improved throughout 2012, homebuilders grew more optimistic month by month, but now the trend has gone in reverse.
Student-Managed Fund Invests in Buckhead Multifamily Property
A group of investors has co-invested in Brookhaven, a 17-story multifamily community in the Buckhead neighborhood of Atlanta.
Behringer Harvard Invests in 220-Unit Community in Texas
Behringer Harvard Multifamily REIT I Inc. announced that it will provide equity capital for the construction of a multifamily community in Austin, Texas.
TODAY’S DEALS: RHP Properties Buys $865M in Manufactured Housing
RHP Properties becomes the nation’s largest private manufactured housing owner; and ARA sells a 250-unit community in Houston.
Arbor Expands CMBS Lending Platform with Appointment of Three Industry Veterans
Arbor Commercial Mortgage announced the second phase expansion and development of its CMBS and Syndication platform with the addition of three industry veterans.