Regions
TODAY’S DEALS: HFF Arranges $22.35M in Financing for North Texas Multifamily Community
HFF arranges $22.35 million in financing for La Valencia at Startwood; Federal Capital Partners buys two Maryland communities; and Beech Street funds $31.4 million Fannie Mae loan originated by Meridian Capital.
Economy Watch: Japanese Disaster Reverberates Worldwide
The damage to Japan is widespread, with ripples affecting numerous facets of finance and industry. And hackers at Anonymous are accusing Bank of America of playing dirty with homeowners insurance.
Berman Joins Ariel Property Advisors
New York–Jonathan Berman has joined Ariel Property Advisors as a vice president for investment sales with responsibility for multifamily and development properties in Brooklyn.
Dune and TDI Form $1B Multifamily JV
Dune Real Estate Partners and TDI Real Estate Holding have formed a joint venture to acquire and develop multifamily assets throughout the United States.
TODAY’S DEALS: Senior Housing Properties Trust to Buy 20 Communities for $304M
Senior Housing Properties Trust to acquire 20 communities for $304 million; Harbor Group affiliates to buy 20 property mulifamily portfolio for $165.9 million; and Transwestern Realty funds mezz loan for new construction.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
TODAY’S DEALS: Walker & Dunlop Closes $12.7M Refinance of Construction Loan for Texas Student Housing
Walker & Dunlop closes $12.7 million refinance of construction loan; Dolben acquires Northgate Apartments for $19.1 million; Berkadia refinances Wyoming student housing; and NorthMarq’s investment sales team arranges student housing transaction.
HUD Awards LISC $19M to Bolster Nonprofits
New York–The U.S. Department of Housing and Urban Development has awarded the Local Initiatives Support Corporation (LISC) a $19.3 million Section 4 capacity-building grant to help community-based nonprofits lead affordable housing and economic development efforts in low-income communities.
Social Housing Program Paves the Way for Development in Brazil
The Minha Casa Minha Vida (My House My Life) program is one of the world’s most ambitious social-housing programs, aiming at building 3 million homes by the end of 2014 and reducing the housing shortfall for low-income Brazilians by up to 40 percent.
MARKET SNAPSHOT: Regional Investors Eye Ohio for Cash-on-Cash Returns
Columbus, Ohio–Regional players may be developing more interest in Ohio, according to Mark Rohr, partner in Hendricks & Partners’ Midwest Apartment Group.