Property Types
Related Companies Reopens Affordable Housing Development in Chicago
After approximately $100 million in renovations, Related Companies has reopened Parkway Gardens Apartments, a 694-unit affordable housing development serving 2,400 residents in Chicago’s Southside.
Campus Advantage Acquires Northgate Lakes at UCF
Student housing company Campus Advantage has acquired Northgate Lakes, which serves the University of Central Florida.
TODAY’S DEALS: Griffin-American Acquires 44 Seniors Housing Properties in the U.K.
Griffin-American Healthcare REIT II completes a $472.2 million U.K. portfolio acquisition; Landmark Apartment Trust of America acquires two apartment communities for $37 million; and Washington Property Co. obtains a $75 million permanent loan for new project in Silver Spring, Md.
Peak Campus Awarded Management of Three Student Housing Developments
Peak Campus Management has been awarded management of three new private student housing developments in the Upper Midwest.
TODAY’S DEALS: CIM Group Buys D.C. Apartment Portfolio
CIM Group buys 449 units in Washington, D.C.; KW Commercial completes a luxury sale in West Los Angeles; and Dane PCG represents AIMCO in sale of a $6.6 million Section 8 property.
HFF Named to Market Sale of Blue Vista’s Level 27 Student Housing Community Near Miami University
Blue Vista Capital Management has named HFF to market the sale of its Oxford, Ohio, student housing community, Level 27. The 216-unit, 756-bedroom community is expected to sell around the $30 million mark and will be able to be purchased without any existing debt.
Arker Cos. Acquires Affordable Apartments on Staten Island for $27M
Two affordable housing properties in the New York borough of Staten Island have traded hands for a combined total of $27 million.
More Than 80 Percent of The Leonard Under Contract
The Leonard luxury condominium is more than 80 percent under contract, less than two months after sales were launched at the Northeast Tribeca property.
MHN Interview: Freddie Mac Multifamily’s Plan to Increase Affordable Preservation
Shaun Smith was recently hired as the senior director for the Targeted Affordable Housing Retail Production division for Freddie Mac Multifamily. MHN talks to Smith about her plans to increase the focus on affordable preservation and why preservation transactions have been so successful.
Why You Shouldn’t Market to ‘Active Adults’
The term could violate fair housing requirements.