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    The company originated a $10.4 million, 7-year loan for the acquisition of a 348-unit community located in the Bellwood. The asset has an occupancy rate of 97.4 percent.

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    Consumers responding to the University of Michigan's latest survey expressed concerns that Hurricane Harvey and Hurricane Irma would negatively impact the overall economy, leading to a drop in the Sentiment Index in August.

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  • JV Lands $40M Twin Cities Affordable Community

    Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

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    The company made its second purchase from Parkland Development Corp. this year with the Forum at Tallahassee, a 264-unit community serving Florida State University students.

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  • Demand Outpaces Supply in Salt Lake City

    Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.

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  • Austin Investor Acquires 10th Property in DFW

    NAPA Ventures plans to renovate both the exterior and interior of The Falls Apartments, its newly acquired 208-unit property in metro Dallas.

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  • Economy Watch: Demand For Skilled Nursing Facilities Edges Up in Q1

    The percentage of Medicare patients among the overall mix of patients is also increasing, according to the National Investment Center for Seniors Housing & Care, reflecting the growing important of Medicare within the skilled nursing sector.

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  • Berkeley Point Appoints New Director

    Sharon Karaffa brings more than 13 years of experience as director of priority borrower relationships and head of structured transactions with Fannie Mae Multifamily.

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