Property Types
PinPoint Commercial, Thrive Senior Living Pick Dallas Contractor for Seniors Housing
PinPoint Commercial LP and Thrive Senior Living have tapped Cadence McShane Construction Co. to build Legacy at Crystal Falls, the joint venture’s new senior living development in central Texas.
Sterling and Braxton Break Ground on Upscale Apartments in Lincoln, Neb.
Construction is underway on a new, 220-unit luxury apartment development in Lincoln, Neb. Developed by a partnership between The Sterling Group and Braxton Development, Aventine at Wilderness Hills Apartment Homes will feature a dozen buildings.
TODAY’S DEALS: Raymond James Completes $195M LIHTC Fund
Raymond James completes a construction/rehab LIHTC fund; Greysteel arranges a 100-unit sale in Maryland; and distressed communities to get a $100 million lift from Bank of America, Enterprise and LISC.
TODAY’S DEALS: Mack Urban and AECOM Announce the Land Acquisition of Six Acres for More Than $80M
Mack Urban and AECOM Capital announced the acquisition of six acres of land in downtown Los Angeles’ South Park district; three Georgia seniors housing assets trade for $30.9 million; and Greystone closes $15.9 million in Fannie Mae financing for a Maryland community.
Avesta Housing’s Pearl Place II Achieves LEED Platinum Certification
Avesta Housing, with the help of Thornton Tomasetti Inc., has achieved LEED Platinum certification from the U.S. Green Building Council for its Pearl Place II community in Portland, Maine’s Bayside neighborhood.
Carter Starts Construction of San Antonio Student Housing
Real estate developer Carter has started work on a 198-unit, 590-bed student housing project about half a mile from the University of Texas at San Antonio.
TODAY’S DEALS: Greystar Sponsors Recapitalization of $440M Portfolio with Ivanhoé Cambridge, Goldman Sachs and Partners
Greystar sponsors the recapitalization of a $440m portfolio; Colliers completes a $57.8 million sale in Arizona; and NorthMarq arranges $13.4 million in construction financing for a student housing asset in Oklahoma.
Ram and Lennar Joint Venture to Develop Luxury Apartments
Ram Realty Partners III, an affiliate of south Florida-based Ram, has announced an equity investment in a joint venture to develop The Crest at Midtown, a new 261-unit luxury mid-rise apartment community on an infill site in the Midtown submarket of Charlotte, N.C.
TODAY’S DEALS: BRE Properties Completes $120.5M Acquisition
BRE buys a 270-unit community in Hollywood; StonebridgeCarras lands $121.6 million in construction financing for a Bethesda development; and HFF secures $52 million in financing for manufactured home community.
TODAY’S DEALS: Capital One Provides Bridge Loan for Rental Conversion
HFF arranges financing for a N.J. community; KB Homes buys a condo development site in San Francisco; and NorthMarq Capital arranges a $32.4 million Freddie Mac loan for a Class A property.