South

DEAL OF THE DAY: Deutsche Bank Berkshire Closes $17.8M Construction/Permanent Financing for Garden-Style Apartments

Deutsche Bank Berkshire Mortgage (DBBM) arranged a $17.8 million Federal Housing Administration (FHA)-insured loan for the construction of Callis Hills Apartments, a proposed 210-unit garden-style multifamily community in Lebanon, Tenn.

DEAL OF THE DAY: Arbor Closes $3,127,600 Fannie Mae DUS Loan at 6.15% Interest

Augusta, Ga. – Arbor Commercial Funding LLC announced the recent funding of a $3,127,600 loan under the Fannie Mae DUS product line for the 64-unit complex known as Avalon Apartments in Augusta, Ga.

Seniors Housing Community to Open In Bryan, Texas in 2011

Isle at Watercrest, an assisted living and skilled nursing community will open in 2011 in Bryan, Texas, a city where about 10 percent of the population is 62 years and older

Seniors Thinking About Seniors Housing Again?

Independent living seniors housing properties saw a mild uptick in occupancies between 2Q09 and 3Q09, from an average of 88.4 percent to 88.5 percent, according to the National Investment Center for the Seniors Housing & Care Industry.

Emerald Creek Capital Funds $2,100,000 Bridge Loan in Georgia

Stone Mountain, Ga.–Emerald Creek Capital funded a $2.1 million loan to QR Capital. The proceeds were used to acquire and renovate Highland Forest Apartments in Stone Mountain, Ga.

Arbor Oaks Project Incorporates Soothing Colors, Windows to Eliminate Institutional Look

Architecture and interior design firm, Faulkner Design Group, has recently been chosen to provide interior design and planning services for Arbor Oaks at Crestview in Bryan, Texas.

Michael Flanigan Joins Balfour Beatty Construction as Leader of Firm’s Multi-Housing Division

ichael Flanigan has joined Balfour Beatty Construction as sector leader for the firm’s Multi-Unit Housing Division.

Dominium Management Services Hires Debbie Vail

Debbie Vail has been named regional manager of Dominium Management.

Condo Capital Solutions Purchases Condo Block, Set for More Fla. Purchases

Condo Capital Solutions has purchased the 53 remaining units at Bel Mare Condominiums at Riviera Dunes for an undisclosed price.

With Acquisition of Domin-8, RealPage Will Cater to Small, Medium-Sized and Affordable Housing Managers

RealPage has acquired Domin-8 Enterprise Software Solutions, enabling RealPage to reach more customers and broaden its offering to small and medium-sized property management firms and affordable housing owners and managers.