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    East West Partners sold the asset to a New York-based investment company. The former brick warehouse has been transformed into a 247-unit residential project that also includes 24,000 square feet of retail space.

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    The firm purchased an apartment community in Mobile, Ala., and a student housing property in Clarksville, Tenn.

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    The portfolio, built between 1985 and 2002, contains 2,136 units, located in Washington, Oregon, Colorado and Arizona. Twenty-five percent of the loan balance qualifies as affordable and is exempt from Freddie Mac’s production cap.

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  • Dougherty Secures $13M Fannie Mae Loan for GA Asset

    The financing will be used for the acquisition and rehabilitation of Riverstock Apartments, a 172-unit affordable housing property in Woodstock.

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  • The September digital issue of MHN is now available!

    The September issue focuses on Property Management, including how to keep your residents' data safe from a cyber-attack, and a look at insurance rates with predictions on how long the market will last. Additionally, we have a column from NMHC detailing why the federal government most act on flood insurance premiums, a particularly important and relevant topic as we see firsthand the damage caused by Hurricane Harvey.

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  • Kansas City’s Growth Story

    Appealing workplaces, such as WeWork, are opening in the metro's core submarkets, attracting young professionals to live-work-play environments. Job growth has exceeded the national average and helps maintain a robust demand for apartments.

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