Property Types
Freddie Mac Re-Enters LIHTC Market
A new fund co-sponsored by the GSE and Enterprise Community Investment Inc. will target underserved areas with as much as $100 million in capital.
IPA Brokers Sale of 224-Unit Property
Working on behalf of Fairfield Residential, the brokerage firm procured the buyer, a private investor. The community is located around 26 miles from downtown Los Angeles.
On the Market: 5 Interesting Listings for the Week of 10/1
This week’s listings include a recently renovated community across the street from the University of Miami; an historic five-story building in downtown New Britain, Conn.; and a Spanish Colonial Revival-style property in West Hollywood, Calif.
Orlando Assisted Living Development Lands Recap
Stonegate Development secured a $2.1 million bridge loan from LV Lending to refinance an upcoming 90-unit, Class A community close to Lake Nona.
CBRE Secures $33M Acquisition Loan for SC Community
Vice Presidents Nate Sittema and Kristen Reilley represented the buyer in the transaction. The Apartments at Brayden is a recently built asset southeast of Charlotte, N.C.
Beacon Communities Completes First Phase of $30M Rehab Project in NY
Martin Luther King Apartments, an affordable housing property in Troy, is undergoing extensive renovations under Housing and Urban Development’s Rental Assistance Demonstration program.
San Antonio Value-Add Asset Changes Hands
JLL has brokered the sale of Cordoba Apartment Homes, a community comprising 30 studio, 70 one-bedroom and 160 two-bedroom apartments.
Greystar Unveils San Francisco-Area Property
Huxley is located in downtown Redwood City and has been under construction since the fall of 2016. The community offers 137 luxury units.
Andover Real Estate, M Group Acquire Detroit Community
Carlton Apartments has 144 units and is located in the Lafayette Park area of the city. Greystone provided the Fannie Mae Green Rewards financing for the acquisition.
Luxury Community Across from Wrigley Field Opens
M&R Development and Bucksbaum Retail Properties developed The Residences at Addison & Clark, a 148-unit luxury property in Chicago’s Lakeview neighborhood.