Regions
TODAY'S DEALS: Pivotal Group Acquires 21 Communities in Texas
Pivotal Group Inc. completes a joint venture acquisition of 21 communities in Texas; NewGate Capital introduces a new fund aimed at the redevelopment of mixed-use projects in Central Florida; and ARA announces the sale of a 350-unit Class-A apartment community in Raleigh, N.C.
MHN Interview: NYU's Furman Center's Surprising Data on Subsidized Housing
New York University’s Furman Center for Real Estate and Urban Policy was recently awarded the MacArthur Award for Creative and Effective Institutions. MHN interviewed Furman Center co-director Ingrid Gould Ellen on the Furman Center and what surprising data their research revealed about subsidized housing.
CLV Completes Refi of UD Student Housing
Campus Living Villages has completed the refinancing of Studio Green, a 704-unit, off-campus residential property near the University of Delaware.
Florida Oceanfront Condo Site is Up for Grabs
A 1.6-acre oceanfront site in Hollywood, Fla., which remains undeveloped in a neighborhood of tall residential towers and condos, has been put on the market by Aventura, Fla.-based Shefaor Development.
TODAY'S DEALS: Morgan Properties Buys 192-Unit Community Near Philadelphia
Morgan Properties buys a community for $31.4 million; Holliday Fenoglio Fowler secures financing for a student housing asset; and Lee & Associates transacts a $7.8 million sale.
EdR Tackles On-Campus Student Housing
The University of Kentucky Board of Trustees has approved a 50-year lease with EdR for on-campus housing.
Honolulu to Market City-Owned Affordable Housing
The City and County of Honolulu has selected CBRE Group to market its entire portfolio of affordable rental housing communities, with the intention of transitioning ownership of the housing to private ownership.
TODAY'S DEALS: HFF Lands $22.2M for Class A Community in Central Florida
Holliday Fenoglio Fowler lands financing for a 270-unit property in Florida; an Archstone sponsored partnership completes a $63.2 million purchase; and Walker & Dunlop completes a $9.55M refinance loan for a mixed-use property in New Orleans.
Archstone Buys Washington State, California Properties
Archstone has acquired a 131-unit apartment complex in Kirkland, Wash. It sold for about $47.5 million and will be renamed Archstone Kirkland at Carillon Point.
Joint Venture to Acquire 360-Unit Property in Texas
Carroll Organization has partnered with Starwood Capital to acquire the 360-unit apartment community Carrington at Shadow Creek Ranch, a Class A project just eight miles from the Texas Medical Center.