Regions
TODAY'S DEALS: MAA Picks Up an Asset in San Antonio
MAA buys a 436-unit asset; SBV Communities enters the Oklahoma City market with a 119-unit purchase; and NorthMarq Capital completes a $10 million Freddie Mac refinance of a three-year loan.
San Diego Investors Buy Riverside Townhomes for $10.5M
Pathfinder Partners has acquired Tuscan Townhomes, a 63-unit townhome project located in Riverside, Calif.
MAA Acquires Texas Multifamily Community
MAA, a real estate investment trust, has completed the acquisition of Haven at Blanco, a multifamily community in San Antonio.
Alternatively Built Multifamily Development Uses Upcycling as a Hook
South Africa is the latest country to embrace the emerging trend of alternative building for multifamily developments.
Economy Watch: Personal Income, Spending Up
While investors were anticipating Fed Chairman Ben Bernanke’s pronouncements from Jackson Hole the Bureau of Economic Analysis reported that personal income increased $42.3 billion, or 0.3 percent.
Two NYC Apartment Properties Win HUD Financing
Greystone Funding Corp., a multifamily and commercial property mortgage specialist, has originated $72.7 million in financing for two multifamily housing projects in New York City. HUD provided the financing for the properties.
Riverfront Residential’s Luxury Community 25 Percent Leased After Two Weeks
Riverwalk, a multifamily community in Elmwood Park, N.J., is already 25 percent leased after only being open for two weeks.
TODAY'S DEALS: Falcon Southwest Buys 324-Unit Austin Asset
HFF closes an Austin sale; Beech Street Capital provides Freddie Mac CME financing for two West Palm Beach properties; and Alliant Capital makes two loans totaling $2.4 million for a client.
Phase II of Winner’s Circle at Saratoga Complete Thanks to $13M Freddie Mac Loan
The Community Preservation Corporation has closed on a $13 million Freddie Mac construction loan to refinance the recently completed Phase II of the Winner’s Circle at Saratoga apartment complex.
Barratt Developments Announces $396 Million Affordable Housing Regeneration Project in England
Barratt Developments, one of the largest house builders in England, has landed one of the most sought after housing-led redevelopment opportunities in the London boroughs.