Property Types
On the Market: 5 Interesting Listings for the Week of 6/4
This week’s listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix’s growing South Mountain Village area, and more.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
Asset Campus to Manage MI Student Housing
Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.
Dallas Senior Housing Community Lands $26M Loan
KeyBank originated a Freddie Mac loan for the acquisition of a 175-unit property. The community was built in 2009 and offers independent living homes.
KeyBank Provides Financing for 2 Affordable Senior Housing Assets
Alliant Capital and New York State HFA provided additional financing, supported by existing project-based HUD Section 8 vouchers, for the renovation of the properties.
Historic Brewery Gets New Life in Memphis
The 1870s-vintage property redeveloped by 459 TN Partners will feature more than 270 units, as well as a mix of office and retail space.
Construction Underway on IL Student Housing
After acquiring the site back in 2017, Gilbane Development Co. started work on the 538-bed community located close to the University of Illinois Urbana-Champaign.
Atlanta Tower’s Act 3: Senior Housing
Originally a hotel, later a condominium community, Presidential Tower is about to start a third life as senior housing. Peacock Partnership acquired the property after five years of negotiations.
Melo Group Scores $85M Financing for Residential Towers
Ocean Bank provided the funding for construction of a residential complex comprising two 34-story towers and 667 units in the heart of downtown Miami.
Eyzenberg & Co. Arranges Developer, Ground Lease for NC Student Housing
The firm selected Greystar to develop Grove Park, a 339-unit community in Chapel Hill, which is set to replace the current apartment building at the site.