Paul Donahue

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    Acting on behalf of Carroll Multifamily Real Estate Fund V, Carroll Organization and PGIM Real Estate purchased the assets from affiliates of Lone Star Funds.

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    A joint venture is refinancing Fort Schuyler House, a 138-unit development. Plans call for $15.5 million in capital repairs, and the property will preserve affordability for its residents.

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    The company arranged the refinancing for Castlewood Park, a 184-unit property in Buena Park, Calif. The debt placement was locked at below-market-rate interest.

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