Property Types
Freddie Mac: Cities Rapidly Losing Affordable Housing
The multifamily financing arm of the government-sponsored enterprise reported a substantial decline in affordable housing units over a seven-year period.
Orlando Garden-Style Community Sells for $63M
Priderock Capital Partners purchased the 356-unit property, expanding its South Atlantic portfolio. Newmark Knight Frank represented the seller and originated acquisition financing for the buyer.
JRK Property Holdings Buys $57M Seattle-Area Asset
The buyer will complete renovations started by the seller. Additionally, the company will also update the community’s common areas and amenities.
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
Q&A: How Venn Is Reinventing Neighborhoods
Or Bokobza, co-founder & CEO of the Israeli proptech startup, talks about the firm’s business model after scoring $40 million in funding from backers including the New York State Common Retirement Fund.
KY Community Trades for $14M
Vazza Real Estate Group purchased the 292-unit multifamily property in Louisville, with HFF securing acquisition financing through Starwood Mortgage Capital.
Tampa Rental Property Commands $60M
Axonic Properties acquired the asset from Sachs Cos. for the equivalent of $170,624 per unit, with JBM Institutional Multifamily Advisors facilitating the deal.
HFF Arranges $46M Fannie Mae Loan for Denver Community
Griffis Residential used the financing to acquire Talavera Apartments, where it plans substantial upgrades to everything from unit interiors to overall management and service.
Upgrades Ahead for 16 Manhattan Public Housing Properties
A six-way joint venture will renovate the communities, which are owned by the New York City Housing Authority and home to some 2,900 residents.
Affordable South Boston Community Receives $33M Loan
MassHousing closed on the financing, as Madison Park Development Corp. aims to extend Haynes House’s affordability and begin significant renovations at the 131-unit property.