Preservation Development Partners

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  • 2 CA Communities Trade for $33M

    The Commons Apartment Homes, a 100-unit community on Standiford Ave., and Summerview Apartment Homes, a 136-unit community on Prescott Road, both in Modesto, Calif., have traded for a total of $32.56 million.

    05 July 2017 19:46
  • Contract Administration Key to Addressing Growing Rental Housing Demand

    Third-party contract administrators boost efficiency at HUD’s rental assistance programs and get scarce resources where they’re urgently needed, contends a former agency official.

    10 May 2017 16:10
  • HTG Begins Construction on $36M Miami Affordable Housing

    Princeton Park, set to open in August of 2018, will feature 150 units of one- two- and three-bedroom floorplans for family households earning at or below 60 percent of the area median income.

    11 August 2017 15:14
  • NR Investments Tops Off Miami Condos

    In a nod to the surrounding artistic influence, one of the newly unveiled features of the tower is a collaborative installation involving 22 renowned street artists.

    14 August 2017 08:39
  • RXR to Develop 28-Story Mixed-Use Towers in New Rochelle

    Anchors of the New York City suburb’s $4 billion redevelopment plan, the two high-rises will comprise about 700 units between them. City officials are eyeing up to 12 million square feet of new construction.

    02 August 2017 14:52
  • CBRE Secures $90M for Phoenix Community

    The Capital Markets Debt & Structured Finance team arranged the financing for San Sonoma, a 590-unit property with an average rental rate of $1,373.

    31 May 2017 22:02
  • Philly Multifamily Portfolio Trades for $14M

    The properties situated in Philadelphia's University City changed hands for a total of $14 million. The locations offer residents access to the city's attractions and employment centers.

    11 October 2017 09:28
  • South FL Luxury Apartments Sell for $68.2M

    The 400-unit luxury community's previous owner invested more than $3 million in capital improvements, repositioning the community for its sale price of $170,500 per unit.

    01 May 2017 17:25
  • Warmington Properties Secures $190M for Portfolio Refi

    Walker & Dunlop Inc. structured five Freddie Mac loans and one Fannie Mae loan, totaling $190.2 million, with 10-year terms and 30-year amortization schedules, to refinance nine California and Nevada communities held by Warmington Properties. Warmington began a value-added program across its portfolio in 2014, including the complete renovation of property amenities, building exteriors and unit interiors.

    10 May 2017 19:13
  • Will San Jose’s New Rules Hobble Its Market?

    Former Mayor Chuck Reed contends that the city’s restrictive new eviction regulations are discouraging development of badly needed new multifamily inventory.

    12 May 2017 13:35