Washington D.C.
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.
DC Condo Asset Receives $35M Construction Loan
HFF represented the borrower, a partnership that intends to use the financing for the development of a 99-unit low-rise in the NoMa submarket.
MD Community to Receive $51M Financing
The non-recourse, fixed-rate first mortgage provides for the acquisition of Woodvale Apartments, a 376-unit mid-rise community located just north of Washington, D.C.
Affordable DC Asset Receives $39M in Financing
The NHP Foundation secured the loans, which will preserve Takoma Place, a 104-unit property in suburban Maryland.
80 Percent Affordable Community Replaces DC Hospital
Flaherty & Collins Properties and Anacostia Economic Development Corp. are developing Residences at St. Elizabeths East, which contains 202 affordable apartments.
DC-Area Community Gets $78M Refi Loan
PGIM Real Estate provided the 35-year, fixed-rate FHA loan to Bonaventure Realty Group for The Encore Apartments in Alexandria, Va.
In Case You Missed It: MHN’s Top 5 Posts in November
Miss any of our articles? Catch up with five of our most popular posts for the month.
DC-Area LIHTC Portfolio Changes Hands for $31M
Greysteel facilitated the sale of 286 units spread across three affordable properties, which are restricted to residents age 62 and over.
MD Student Housing Price Sets Record
CBRE assisted Greystar and Rockpoint Group in the $235 million sale, which marks the largest transaction for a single student housing asset in the U.S.
Luxury Mixed-Use Project Underway on Capitol Hill
SGA Cos. and Evergreen Private Finance are developing The Rushmore, which will feature 117 high-end apartments, street-level retail and a revamped historic building on Pennsylvania Avenue.