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PROFILE: Lee and Associates
Lee and Associates is today busy finding deals for REITs, financial institutions and private owners.
Freddie Mac's 2011 K Deals Double Those of Last Year
Earlier this month, a new offering of structured pass-through securities, or “K certificates,” was announced by McLean, Va.-based Freddie Mac.
Today's Deals: Home Properties Buys Two Assets for $113M
Home Properties wraps up 2011 with over $500 million in acquisitions; NorthMarq arranges a $70 million Freddie Mac mortgage for a community in Michigan; and Iron Gate buys a $106.5 million portfolio in Atlanta.
HopeLift to Provide Housing to Those in Need
Employees of property management and development company Holland Partner Group are doing their part to help the homeless this year by donating their unused vacation time to HopeLift, a charity that helps people with housing.
Senior Housing Developer Returns Funds to City
In an unusual event in multifamily development, AMCAL Multi-Housing Inc. recently returned about $519,450 to the city of Rancho Palos Verdes, Calif., after the completion of its Mirandela Senior Housing project.
Affordable Development Brings Jobs to Central Maryland Town
An investment by Boston Capital is helping make possible the development of Marley Meadows, a new 36-unit affordable multifamily community in the central Maryland town of Glen Burnie.
Affordable Housing Drawing Yields 28 Sold Units in One Day
Atlanta BeltLine had its first drawing for its 28 affordable homes at the Lofts at Reynoldstown Crossing in Atlanta. All units were sold in one day.
Recently Completed Premier Fifth Avenue Condo Debuts New Model Unit
Shoppers seeking the best of the best in Manhattan condominium accommodations are getting a new glimpse of what could be their future home at The Residences at 400 Fifth Avenue.
TODAY'S DEALS: MAA Acquires Two Properties for $67.5M
MAA picks up two properties totaling 480 units; HFF secures $42 million through Prudential for apartments in the Terra Vista master planned community; and McCann Realty Partners breaks into the Austin market with a 208-unit purchase.
MARKET SNAPSHOT: Multifamily Transaction Volume in Chicago Concentrated in $20M+ Assets
Demand for multifamily assets in the Windy City has been significant, with $1 billion worth of properties in the sector trading this year.