Property Types
Arbor Realty Originates $50M Refi for Chicago-Area Assets
Two recently renovated suburban Chicago properties built in the 1970s have received Fannie Mae refinancing following the conclusion of major value-add programs.
Developers Close on $38M in Financing for DC Project
Located next to an historic theater in Washington, D.C.’s Deanwood neighborhood, The Strand Residences will deliver 86 affordable units by January 2021.
Origin Investments Breaks Ground on $69M Colorado Apartments
Built in a joint venture with Massimino Development, the 280-unit community will also include affordable housing for residents making 60 percent or less of the area’s median income.
JV Picks up Atlanta-Area Property
Sundance Creek Apartments is a garden-style townhome community with 232 units located in McDonough, Ga., near numerous existing and planned distribution and logistics campuses.
Steadfast’s REIT Merger Creates Firm with $3.3B in Assets
Steadfast Apartment REIT has acquired three affiliated REITs in separate stock-for-stock, tax-free transactions. The deal is expected to close in 2020.
Affordable Senior Housing Project Wraps Up in NYC
Foxy Management and Alembic Community Development built the Bronx project, 1880 Boston Road, in conjunction with city organizations. The 168-unit property has a price tag of about $77.8 million.
Cushman & Wakefield Represents Fifield Cos. in Chicago Deal
Jason Stevens and Todd Stofflet arranged the sale of Luxe on Chicago and secured one of the highest per-unit prices in the city’s West Town neighborhood.
The Habitat Co. Bolsters Condominium Division
David Barnhart, the newly appointed vice president, will work alongside Shruti Kumar, appointed as regional manager, in overseeing the company’s portfolio in Chicago, Detroit and Tampa.
Berkadia Arranges Sale of Tempe Community
Former owner Sares-Regis Group originally acquired the 144-unit Salado Springs property for $20.2 million in an all-cash transaction in 2016.
Capital Square 1031 Expands Virginia Portfolio
The 409-unit community in Woodbridge previously traded in 2013 and received $5 million in renovations since then. The new owner plans to finish the upgrades.