Property Types
Dominium Secures $96M for Twin Cities Affordable Housing
When completed, the former Weyerhaeuser lumber site in St. Paul, Minn., will include 241 units for seniors and 121 units for families.
Stantec Breaks Ground on Tampa-Area Luxury Condos
The 400,000-square-foot BLVD tower was developed by Core Development and will comprise 49 units. Amenities will include a wine cellar, a rooftop pool and an outdoor summer kitchen.
NAP Trades New Atlanta Luxury Community
The 244-unit Anthem on Ashley opened earlier this year and includes 6,000 square feet of on-site restaurant and retail space.
Greystar JV to Expand London Student Housing Portfolio
The firm has partnered in a $461.6 million equity investment strategy along with PSP Investments of Canada and Allianz Real Estate to grow Chapter. The joint venture plans to add 10,000 beds in the next five years.
Western Wealth Completes 40th Acquisition in Phoenix
The Canadian firm expanded its Arizona portfolio with the acquisition of Sun Wood, a 220-unit age-restricted community in Peoria, Ariz.
Dougherty Funding Lands $31M Financing
625 Development will consist of 122 apartments, two parking ramps and a 3,000-square-foot retail space. Reuter Walton Development serves as the general contractor.
Fifield, Terraco Break Ground in Chicago
Dubbed Logan’s Crossing, the building in Logan Square will feature 220 units and a 27,000-square-foot Target store, in addition to other commercial tenants on the ground floor. The residential component is slated to open in November 2019.
NorthMarq Multifamily Brokers 120-Unit NM Sale
The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.
Related, Rockpoint to Launch $2B Value-Add Program
The partnership will concentrate primarily on the Florida market but will also search for opportunities within other successful metros, including Atlanta, Phoenix and Dallas.
Franklin Street Facilitates $2M Miami Sale
Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.