Property Types
TODAY’S DEALS: Beech Street Closes $70M for N.J. High-Rise
Beech Street Capital refinances a high-rise; Campus Apartments begins the second phase of a student housing overhaul at Shippensburg University; and Waypoint Residential acquires a suburban Atlanta community and expands its portfolio in South Carolina.
Brookfield Multiplex Completes $54M Green Student Housing Community in Sydney
Brookfield Multiplex, an international contracting and development company has announced completing University Terraces, a $54 million green student housing project at the University of New South Wales in Sidney.
Ellis-Trick Multifamily Receives $19.6M Financing for Student Housing Community
Ellis-Trick Multifamily has received $19.6 million in financing for The Bluff at Waterworks Landing, a recently constructed, off-campus student housing community serving the University of Alabama.
Corvias Group Announces New EVP of Property Management and SVP of Construction Operations
Corvias Group, a privately-owned, vertically-integrated real estate solutions group, announced that Charles E. Parker (Chuck) has been hired as executive vice president of property management and Edward Milch has been hired as senior vice president of construction operations.
MHN Interview: How $1B Will Affect Affordable Housing in New York State
New York Governor Andrew Cuomo recently committed $1 billion to the House New York program. MHN speaks to Donald Capoccia, president, New York State Association for Affordable Housing, about what this government investment will mean for the future of affordable housing in New York.
TODAY’S DEALS: MUSA Provides $39.6M FHA 221(d)(4) Construction/Permanent Loan
MUSA Financial provides the largest FHA 221(d)(4) loan through the Fort-Worth, Dallas HUD hub; Bascom Arizona Ventures completes a $13.6 million buy; and Centerline Capital provides a $4 million refinance loan for a seniors asset in Wisconsin.
TODAY’S DEALS: Centerline Finances Denver Acquisition with $33M Loan
Centerline Capital provides acquisition financing for a 573-unit asset; HFF arranges a $19.6 million refinancing for Ellis-Trick Multifamily; and Alliant Capital originates two 10-year financings totaling $5.7 million.
TODAY’S DEALS: Mack-Cali Buys Two Luxury Properties in Boston MSA
Mack-Cali buys two luxury assets for $150 million; Johnson Capital arranges record loan value per unit of $525,000 per unit; and Marcus & Millichap sells a Delaware property for $5.8 million.
ST Residential LLC Puts 326-unit Lex up for Sale
Chicago-based ST Residential LLC has hired brokers Holliday Fenoglio Fowler and Eastdil Secured to manage the sale of a 13-property portfolio, with an estimated value of close to $1 billion.