Property Types
Ann Arbor $50 Million Mixed-Use Building in the Works
Property owner Phil Sotiroff is hoping to convert his building on 1320 S. University into a $50 million mixed-use building in Ann Arbor, which would bring more student housing and encourage greater walkability and density to the South University Downtown Area.
Corvias Group Announces New Head of Student Housing Division
Corvias Group, a privately owned, vertically integrated real estate solutions group, announced that Kurt Ehlers has been appointed managing director of the company’s new student housing division, Corvias Campus Living.
Millersville University Announces $180M Student Housing Replacement Initiative
In May 2013, work will begin on a $180 million public/private partnership to build eight new residence halls for Millersville University, which will eventually replace the current residence halls.
TODAY’S DEALS: Lyon Breaks Ground on Santa Ana Luxury Asset
Lyon Communities begins a 300-unit asset; Beech Street Capital provides $152 million to Archstone to refinance an asset in Maryland; and NorthMarq Capital secures a $20 million, five-year take-out loan from a life company.
TODAY’S DEALS: Archstone Partnerships Grabs 237-Unit D.C. Tower
Archstone buys a luxury tower; Greystone supplies a $45 million loan for affordable housing; and Prudential Mortgage Capital originates $10 million for the acquisition of a Florida condominium.
CNL Healthcare Makes Acquisitions in Florida and Iowa
CNL Healthcare Trust Inc., a seniors housing and healthcare real estate specialist, is investing $21.6 million in an assisted living and memory care development project in Florida, and acquiring three senior housing properties in Iowa for about $18.8 million.
Vitus Group to Renovate Two N.J. Affordable Housing Communities
Vitus Group recently announced its plans for the renovation and rehabilitation of the Vita Gardens and Stephen Manor communities. This project will preserve 170 units of affordable housing.
ParkCentral Under Construction in Nashville’s West End
ParkCentral, an eight-story, 200-unit luxury rental community overlooking Centennial Park in Nashville’s West End, is now under construction.
Boston Capital Invests in Three Oklahoma Affordable Multifamily Developments
Boston Capital is investing in the construction of three affordable multifamily developments in Oklahoma totaling 105 units that will be built with tax credit equity from the Low Income Housing Tax Credit program.
New Residential Condo Development Breaks Ground in Flourishing Luxury Real Estate Market
An affiliate of Ledcor Properties Inc., 26th Avenue River Investments Inc., has broken ground on a new luxury residential condo development in Calgary, Canada.