West
Boston Financial Closes $145M LIHTC Fund
The financing covers properties in 11 states, and includes 2,800 units of affordable housing for 11 multifamily and six senior communities.
Zocalo’s CO Project Nears Completion
Vita features 159 units for residents 55 and older and 11,000 square feet of retail space. The community, designed by KTGY, is in Littleton.
On the Market: 5 Interesting Listings for the Week of 4/2
This week’s listings include a historic luxury community in Iowa and a property near Lake Michigan’s southernmost point.
Gelt Buys 491-Unit Seattle Portfolio
The seller, FPA Multifamily, recently renovated interior and exterior amenities, including the clubhouse, the fitness center and the parking lot of both properties.
ABI Multifamily Brokers Sale of 110-Unit AZ Asset
A partnership between MJW Investments and Tide Equities plans to rebrand the recently renovated Tempe property, which comprises a total of 97,890 rentable square feet.
Greystone Earmarks $36M for AZ Apartments
Aldea at Estrella Falls, a 328-unit community in Goodyear, a suburb of Phoenix, includes grills, a fitness center and a heated pool.
Security Properties Grows CO Portfolio With 220 Units
The company purchased Willows at Printers Park in Colorado Springs for $41 million and plans to make capital improvements to the property.
ABI Expands Sacramento Team With New VP
With a background in both tech and finance, Tyler Justesen most recently worked as director of marketing at United Capital Investments.
Capital One Secures $49M Loan for SoCal Manufactured Housing
The company structured a $48.8 million Fannie Mae adjustable-rate mortgage on behalf of Kort & Scott Financial Group for Lincoln Center Mobile Home Park, a 305-unit community in Cypress.
Rent Growth Continues in Sacramento
California’s capital city again led the nation in multifamily rent growth in 2017. This year, a surge of 1,100 new apartments is poised to push rates up by a more moderate 7.2 percent.