Property Types
North FL Community Changes Hands
The 96-unit multifamily asset, completed in 1963, traded for $6 million, more than doubling the seller’s return in two years.
Manhattan Residential Conversion Project Lands $132M Financing
The Moinian Group is transforming a former office building in the Battery Park neighborhood into a 345-unit amenity-rich community catering to Millennials and Gen Z renters.
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.
Microsoft Commits $500M to Affordable Housing in Seattle
The software giant proposes a combination of loans and grants to help expand the Puget Sound region’s inventory of affordable housing.
Work Begins on $136M Manhattan Affordable Housing Project
Related Cos. and The Hudson Cos. are bringing the first newly constructed, permanently affordable housing project to Roosevelt Island, N.Y. The 21-story community is set to encompass 340 units.
Related Cos. Receives $50M Refi for Affordable MA Asset
MassHousing provided the funds for the renovation of Chestnut Park Apartments, a 489-unit community in downtown Springfield. Wells Fargo will act as the project’s commercial construction and permanent lender.
Deancurt Realty Group Buys Orlando Apartments
The firm purchased the suburban 208-unit Class B community for nearly $24 million, financing the acquisition with a loan and line of credit.
Preiss Acquires 288-Bed Community in San Antonio
Serving the University of Texas-San Antonio, the student housing community will undergo a multi-million renovation plan. The Preiss Co. will manage the property.
Jacksonville Development Gets $39M Construction Financing
Crest Residential’s 256-unit project is estimated to break ground in the spring, financed by a five-year loan from Protective Life Insurance Co.
Senior Housing Demand Matched by Supply
While the increase over the third quarter of 2018 was small, it marked the first time in three years that demand and supply matched, according to the National Investment Center for Seniors Housing & Care.