Property Types
TODAY’S DEALS: MG Properties Group Acquires Mixed-Use Condo Conversion
MG Properties Group buys a 33-unit condo conversion for $11.8 million; IPA brokers the sale of a 392-bed student housing community at USC; and Walker & Dunlop provides Freddie Mac funding to two student housing properties.
Stalled Condo Project in Flushing on Track Again
DelShah Capital LLC has finally worked through the legal complexities that will allow it to reposition 31-32 Union Street, Flushing, as Sunrise Terrace Condominiums, and to begin sales of the remaining 17 units in the property.
Affordable Housing Financing Extended for 20 Years at Westminster Village Arms
Westminster Village Arms, a Lowell, Mass., development built in 1970, is being renovated to include 412 units of affordable housing.
Suburban Chicago Builder Turning Renters into Buyers
A new rent-to-own program at The Heritage of Palatine, a condominium development in a Chicago suburb, is helping turn once skittish prospects into renters for a year, and into buyers after that.
MHN TV: Student Housing Interview with SAS Builders
At the 2011 NMHC Student Housing Conference, MHN sat down with Joann Craig and Jeanne Stosser of SAS Builders Inc. to get their insights into the student housing industry.
‘Occupy Wall Street’ Protesters Gather at Billionaires’ Apartments
Today, Occupy Wall Street supporters left Manhattan’s Financial District and organized in front of the multi-million dollar apartments of many of New York’s billionaires on the Upper East Side.
Volunteer Organization Produces Another Affordable Seniors Housing Property in Alabama
AHEPA 310 Housing, an organization comprised of volunteers, has opened the doors of AHEPA 310-XII Apartments, marking the volunteer organization’s development of a dozen apartment communities to accommodate low-income seniors.
TODAY’S DEALS: Clarion Partners Grabs $100M Seniors Portfolio
Clarion Partners acquires three senior housing communities for $100 million; ARA completes an REO sale in Florida; and Alliant Capital arranges a $1.7 million refinance at 4.78 percent interest rate.
Sycamore Buys Bank-Owned Fractured Condo Property
Sycamore Urban Properties has acquired Talus Point, a fractured condominium property, in Reno, Nev. According to public records, Sycamore paid $4.225 million for the property.
Luxury Student Housing GrandMarc Under Construction
Are luxury buildings a new trend for student housing? Phoenix Property Company is banking on it, with its new student housing community, GrandMarc, in Austin, Texas.