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    Soma Towers consists of two buildings offering 276 units, of which 20 units are affordable. Soma Towers Phase II was developed by Soma Towers DE LLC, in 2016.

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    The deal continues the Atlanta market momentum for Covenant Capital Group, following the company’s sale of the 500-unit Viera Briarcliff in June for $76 million. Mike Kemether and Travis Presnell of Cushman & Wakefield worked on behalf of StoneBridge Investments, the seller, while Elliott Throne, Gregg Shapiro and Ware Shipman of HFF secured acquisition financing.

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  • Innovative Senior Housing Underway in Contra Costa County

    Northern California Presbyterian Homes and Services is developing the first continuing-care retirement community in the area that is part of a larger retail development.

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  • CBRE Acquires $51M Denver Asset

    The Class A property is located adjacent to 500,000-square-foot retail redevelopment Gardens on Havana and is in close proximity to downtown Denver and Denver Tech Center.

    26 July 2017 19:51
  • Dallas Apartments Receive $11M Fannie Mae Financing

    Located in Waco, Texas, the 256-unit residential community received a 10-year Fannie Mae loan with a 30-year amortization schedule. Doughtery Mortgage, a conventional and affordable debt provider headquartered in Minneapolis, secured the financing on behalf of Upper Level Acquisitions II LLC, a Texas-based entity.

    10 April 2017 19:18
  • Fairfield Residential Secures $51M for MD Apartments

    The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.

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  • Manhattan Valley Portfolio Sells for $52M

    Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.

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  • Downtown DC Project Lands $170M in Financing

    Portals Residential Phase V Building will feature 373 rental apartments, a sky terrace, an infinity pool, state-of-the-art fitness facility, as well as a rooftop walkway around the building.

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  • RRA Sells Philly-Area Apartment Community

    The 82-unit Foxcroft Terrace Apartments traded for $5.4 million. The new owner will rebrand the residential property as Forest Creek Apartments.

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  • 5 Things Your Lender Wants to See in Your Multifamily Deal

    By Evan Tarver Putting together a multifamily deal can be extensive, and if the deal is being financed, lenders will typically want to see detailed information on the borrower as well as the property. If you’re financing a property as part of your deal, you’ll want to make sure you have

    27 September 2017 19:50