Property Types
Vegas Community Trades for $14M
The seller, Strategic Realty Capital, had acquired the 146-unit Class C multifamily asset in 2010 as part of a 475-unit portfolio transaction.
Richmond-Area Community Commands $46M
Colliers International represented a joint venture between McCann Realty Partners and Artemis Real Estate Partners in the sale of the 294-unit Hickory Creek Apartments.
Austin Condo Project Scores $88M Loan
Pearlstone Partners and Newgard Development Group will use the construction financing to break ground on the 249-unit property in the city’s Rainey Street District by the end of June.
ULI Sees “Attainable Housing” Crunch for Middle Class
In a finding with far-reaching implications for the multifamily sector, ULI reports that modestly priced, new for-sale homes have nearly disappeared in most areas of the country, leaving middle-income Americans in the lurch.
JV Gets $35M Refi for 604-Unit Portfolio
Auerbach Funds and Blue Magma Residential secured the loan with Greystone for a three-property multifamily portfolio located in the Southeast.
KeyBank Originates $66M in Financing for NY Senior Housing Assets
The lender’s Healthcare Group arranged a $45.8 million first mortgage and a $20.1 million first mortgage through Freddie Mac to refinance two properties.
Vermilion Opens 119-Unit Assisted Living Property in Fort Wayne
The developer’s eighth community under the Silver Birch brand spans 97,000 square feet in Fort Wayne, Ind. HED designed the Z-shaped facility, which has a project cost of $23 million.
NYC Mixed-Use Project Breaks Ground
A trio of developers are behind a 19-story building that will offer more than 400 mixed-income apartments in the East Harlem neighborhood.
Affirmed Housing Breaks Ground on Orange County Affordable Project
Della Rosa in Orange County, Calif., will serve as permanent supportive housing for the chronically homeless and families earning up to 50 percent of the area median income.
NYC Looks to Co-Living for Shared Housing Template
ShareNYC is a pilot program designed to bring a new and much-needed apartment type to the city’s affordable stock.