Property Types
TODAY'S DEALS: Grandbridge Closes $121M Financing
Grandbridge closes a $121 million acquisition loan for a property in Arlington, Va.; Southeast Apartment Partners completes an $18.6 million sale in North Carolina; and a Charles Dunn Co. sale breaks the price-per-square-foot record for the 90034 zip code in Los Angeles.
Military Contraction to Impact San Diego Multifamily Market
The downsizing of the U.S. military presence in San Diego is expected to have a long-term impact on the apartment market in the area, and not for the better.
Former Atlanta Condo Building Begins Life as a Rental Property
Once upon a time, condo conversion meant taking a rental property and selling off the units piecemeal. More recently, conversion has gone the other way: condos that never sold because of the recession are becoming rental units.
TODAY'S DEALS: KBS Lands a Chicagoland Community
KBS Legacy Partners acquires a 256-unit asset in Lombard, Ill.; and R4 Capital Closes the first $80 million of a $100 million LIHTC fund.
Tryko Acquires HUD-Subsidized Seniors Housing
Tryko Partners has acquired a property that provides HUD-subsidized apartment living for independent older adults.
Condo Finds Success By Appealing to Adults and Their Children
The Corcoran Sunshine Marketing Group recently announced sales over $59 million at 515 East 72, a luxury condo building on the Upper East Side.
TODAY'S DEALS: Vesper Completes 644-Bed Student Housing Acquisition
Vesper Holdings buys a student housing asset serving the University of Oklahoma; Marcus & Millichap completes a $29.5 million sale in Wisconsin; and Transwestern arranges the sale of a distressed 1,038-unit portfolio by the lender.
PROFILE: Kenneth Young Center
The Kenneth Young Center could be a typical non-profit services company that developers so often rely on to handle the social services aspects of their affordable housing developments.
GHC Housing Partners Closes on Virginia Affordable Property
Sherman Oaks, Calif.-based GHC Housing Partners has closed on Essex Village, a 496-unit family and seniors property in Richmond, Va.
Work Begins on Housing for the Disabled in Orange County
Ground has been broken for Vista Del Rio, a 41-unit affordable housing property in Santa Ana, Calif., a city in Orange County.