Rick Fochtman

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    SKW Funding and Bain Capital Credit teamed up to purchase the four multifamily properties. The transaction is part of a plan to acquire $500 million worth of distressed notes over the next two to three years.

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  • Jacksonville Property Commands Record Per-Unit Price

    RST Development purchased the luxury community for $63.4 million, or $211,333 per unit, the highest price per unit ever paid for a Northeast Florida suburban asset. CBRE represented the seller.

    14 June 2019 11:01
  • Construction Financing Gets Harder to Come By

    Loans for new apartment projects have been a slam dunk for lenders for nearly the past decade, but there is a new sense of caution developers should be aware of, according to Nicholas Minoia of Diversifed Properties LLC.

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  • Steele Properties Buys Columbus Affordable Community

    The firm has expanded its portfolio with the acquisition of a 112-unit property. The asset will receive more than $44,000 per unit in hard cost rehabilitation.

    24 July 2019 16:52
  • NYC Moves Forward on $260M Harlem Project

    Empire State Development approved a modified plan along with $4.5 million in grants for the redevelopment project, which will include more than 170 affordable and supportive housing units.

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