West
Freddie Mac, NEF Launch New LIHTC Fund
The fund’s first three investments in Houston and Los Angeles total more than $60 million and come several months after Freddie Mac re-entered the LIHTC market.
Berkadia Completes $76M Sale of Orange County Area Property
The company worked on behalf of A & M Properties in the acquisition of ReNew at the Shops, a garden-style apartment community situated in a tight multifamily market.
Albuquerque Multifamily Report – Winter 2019
Large investments in the area have brought the metro’s job growth in line with the U.S. average for the first time this cycle, boosting rental demand along the way.
AvalonBay Buys Denver Property for $91M
The newly completed asset includes more than 300 luxury units. The community is located 20 miles from downtown Denver, in the Arapahoe-East submarket.
Wood Partners Breaks Ground on Denver-Area Project
The 260-unit Alta Green Mountain in Lakewood is slated for completion this August. The project is less than 3 miles from Denver Federal Center.
Luxury Community Opens in LA
Strategic Legacy Investment Group’s development is located in the Ladera Heights neighborhood, about 4 miles from Los Angeles International Airport and 13 miles from the city’s downtown.
Bascom Arizona Ventures Acquires Tempe Community for $89M
Tempo at McClintock Station offers 423 units, as well as access to a fitness center and two swimming pools. The property will be managed by MEB Management Services.
TruAmerica Multifamily Sells Suburban Seattle Community
The buyer of the 249-unit Class B asset funded the acquisition with a $30 million Freddie Mac loan originated by CBRE.
LRES Names Vice President, National Sales Manager
Peter Lutz has more than 20 years of executive experience. He previously served as president of Data Control Group and is also principal consultant of PTL Consulting.
Massie Capital Management Secures $23M for LA-Area Community
HFF worked on behalf of the borrower to arrange the financing deal for William Penn Apartments, a 189-unit building in the Koreatown neighborhood.