Regions
Newark Affordable Housing Breaks Ground
The Michaels Organization and its partners began work on Somerset Brownstones, a $19 million development in New Jersey’s Central Ward neighborhood.
California Community Lands $39M Fannie Mae Green Loan
Fannie Mae originated the funds in August, when Afton Properties acquired the asset from Klingbeil Capital Management.
San Diego High-Rise Welcomes First Residents
Greystar Development will handle management of the 300-unit luxury Palisade at Westfield UTC.
Northern New Jersey Community Sells for $40M
Santander Bank provided $29.4 million in acquisition financing for the purchase of the 123-unit community in Morrisville.
Studio Management Services Acquires Las Vegas Properties
Laurel Park Apartments and Villa Del Rio Apartments sold for a total of $54 million.
Matthews Appoints New National Director of Multifamily
Until recently, David Roth served as vice president of investments at The NRP Group.
KeyBank Arranges $140M Refi for 3 Communities
The multifamily properties totaling 950 units are owned by Keller Investment Properties in Utah and Arizona.
Brooklyn Affordable Community Breaks Ground
Trinity Financial Inc. and the New York City Housing Authority are bringing the 180-unit property to the borough’s Brownsville neighborhood.
3D Investments Trades Las Vegas Community for $19M
The 193-unit garden-style community, built in the 1970s, last changed hands two years ago for $11 million.
Podcast: Getting Creative With Affordable Housing Lending
Merchants Capital President Mike Dury discusses mortgage lending activities for the affordable housing market. Tune in to hear his take on what’s ahead.