Property Types
George Smith Partners Snags $30M For L.A. Development
The investment banking firm secured $30 million in bridge financing for 3.5 acres of land for multifamily development and a 68,834-square-foot office building in Hollywood, Calif.
CBRE/New England Arranges Financing for 252-Unit Property Near Boston
The 252-unit Cabot Crossing, owned by Taurus Investment Holdings and PhilMor Real Estate Investments, was built in 1986 and last traded hands mid-2013 for $20.25 million.
Preiss Acquires 546-Bed Student Housing Community in North Carolina
Campus Edge was acquired by Raleigh-based The Preiss Co. in joint venture with a private investment group.
Will That Be Cash or Credit?
The affordable housing industry has evolved over the past several years, and an asset class that was once known mostly for tax benefits, management fees and nominal cash flow has become extremely competitive among investors.
Cedar Grove Capital, ROSS Take Over Chesterfield Apartments
Cedar Grove Capital has acquired Chesterfield Apartments in Winston-Salem, N.C., tapping ROSS Management Services to manage the property and help upgrade the community.
Affordable Housing Program Expands in Chicago’s River North
The Habitat Company has extended the affordable housing program of a 384-unit community.
Champion Buys Village Green Hills Apartments in Nashville
An 82-unit multifamily community in Nashville was sold for $22.5 million to Los Angeles-based Champion Real Estate Co.
Berkadia Closes $10M Financing for 223-Unit Knoxville Community
The acquisition and complete renovation of The Element at Cedar Bluff was facilitated by a $10.1 million loan from Berkadia.
Wood Partners Ready to Lease Out Fifth Phoenix Community
One of Wood Partners’ latest residential communities is now ready for move-ins.
Northern Arizona Student Housing Community to Open in 2017
American Campus Communities and Northern Arizona University have partnered to build SkyView, a nearly 300,000-square-foot student housing project.