Prominence
Carrfour Property Receives Grant to Create Urban Farm
The Health Foundation of South Florida has awarded Carrfour Supportive Housing, a major Florida affordable housing developer, a $28,800 grant to fund its Learning Kitchen and Farmer’s Market Training Program.
Behringer Harvard Multifamily REIT I, Inc. Enters into Arrangements to Become Self-Managed
Behringer Harvard Holdings LLC announced that a special committee of the board of directors of Behringer Harvard Multifamily REIT I, Inc. and affiliates of Behringer Harvard, including the REIT’s dedicated advisor and property manager, have entered into contractual arrangements whereby the REIT will begin the process of becoming self-managed.
PRG Real Estate Acquires 200-Unit Community Near Charleston
PRG Real Estate has acquired Churchill Commons, a 200-unit garden-style apartment community situated on 10 acres of a serene park like setting in Summerville, S.C.
New Boston Fund Names Dan McGrath Assistant VP
Boston—New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced the promotion of Dan McGrath to assistant vice president, where he will work alongside the Northeast development team and the national asset management team. McGrath was recently integrated into New Boston Fund’s development team for One Greenway, a planned 362-unit mixed-income development bordering Boston’s Chinatown neighborhood and the Rose Kennedy Greenway. The project will include 312 apartment units in a 21-story tower, along with ground floor retail and community space, a 1/3 acre of publically accessible open space and 50 affordable condominiums. As part of this…
CriterionBrock Partners with MAB Flooring to Expand Their Growth Initiative
CriterionBrock, one of the nation’s largest multifamily housing flooring providers, has purchased the assets of MAB Flooring in Houston, TX. MAB has provided exceptional service to the Houston apartment market for over 15 years.
MHN Interview: Financing Supportive Housing for Veterans
KayBank recently provided $5 million in Low Income Housing Credit to finance a supportive housing development for veterans called Cadence Square in Canandaigua, N.Y. MHN speaks to Kevin Nowak, national equity investment manager for Key Community Development Corp., a part of KayBank, about this transaction, as well as the importance of enhanced-use leases.
New Boston Fund Names Walker VP of Construction
New Boston Fund Inc., a private equity real estate investment, development and management firm, announced today the promotion of David Walker to vice president of construction in the Northeast.
Gvest Adds Frericks as CFO
Gvest Partners has hired Kevin Frericks, CPA, as chief financial officer. Frericks will be based in the firm’s Atlanta office.
James Stanfill Joins McKinley as Managing Director, West Coast Residential Operations
McKinley announced that James Stanfill has joined the company as managing director, West Coast operations, to lead the McKinley Residential expansion into California.
Student Housing Near Central Connecticut State Sells
Campus View Apartments in New Britain, Conn., has traded hands for $4.72 million. The property is a 63-unit student-housing community at the entrance to Central Connecticut State University.