Regions
Philadelphia Student Housing Development Gets $23M
College Town Communities will use the loan to build the 264-bed expansion near Penn State Abington’s campus.
Manhattan Multifamily Project Secures $59M Financing
The development will add 113 units within an Opportunity Zone in one of the borough’s growing submarkets.
Greystar Acquires Majority Interest in Thackeray Partners
The acquisition will give the firm additional rental housing as well as access to investments in the growing industrial sector.
Social Impact Investors Target Naturally Occurring Affordable Housing
Through “quick strike” funds, impact-minded sponsors are competing with value-add investors that purchase older properties with the goal of raising rents.
Dominium Expands Arizona Footprint
The 308-unit development in Phoenix is slated for a 2022 completion.
Cleveland Multifamily Report – Spring 2021
Despite economic setbacks, the metro’s rental segment continued to record steady gains.
Quinlan Kicks Off 17-Story Mixed-Income Brooklyn Project
CIT Group provided a $35.7 million construction loan, with Hines contributing mezzanine financing.
Out-of-State Investor Pays $55M for Luxury Los Angeles Asset
Converted from a condominium community mid-pandemic, the property traded for roughly $900,000 per unit.
Capstone Brokers Sale of Indiana MHC
This is the first time the 660-site community changed ownership since its completion in 1965.
Howard Hughes Corp. Secures $83M Loan for Maryland Apartments
The community in Columbia, Md., will be part of a 14 million-square-foot master-planned development called Merriweather District.