West
EdR Buys Tucson Student Housing for $67M
EdR has acquired a 764-bed student housing community, The District on the 5th, which is near the University of Arizona in Tucson, from Residential Housing.
Tricorp Hearn Celebrates Completion and Grand Opening of Foothill Farms Senior Apartments
Tricorp Hearn Construction recently celebrated the completion of Foothill Farms Senior Apartments, a $26 million, 138-unit affordable housing facility.
Springboard and MMI Team Up for $25M Housing Initiative
Springboard Nonprofit Consumer Credit Management Inc. has partnered with Money Management International to establish a $25 million dollar initiative designed to address the affordable housing crisis in the United States.
TODAY’S DEALS: HFF Arranges $56M Acquisition Financing for Seniors Housing Portfolio
HFF arranged $56 million in financing for a four-property seniors housing portfolio with 419 units located in Portland, Ore.; and ARA announces sale of a 560-unit property in a value-add transaction.
TODAY’S DEALS: Norris, Beggs Arranges a $26.5M Acquisition Mortgage
Norris, Beggs arranges a $26.5 million acquisition mortgage; and Boston Capital invests in the rehabilitation of two multifamily apartment communities for seniors in Virginia.
Wood Partners Plans Apartments in Suburban Denver
Wood Partners, one of the nation’s larger multifamily developers, has unveiled plans for Alta Harvest Station Apartments in Broomfield, a major suburb of Denver.
Cardinal Group Investments Purchases Portland Property for $77.5 Million
Cardinal Group Investments has purchased the RiverPlace Square community in Portland from Prudential Life Insurance company for $77.5 million.
TODAY’S DEALS: Commercial Property Advisors Brokers $2.067M Sale of LIHTC Property
Commercial Property Advisors brokers a $2.067 million sale of a LIHTC property; and NorthMarq arranges a $18.98 million loan.
TODAY’S DEALS: HFF Arranges $11.5M Refinancing for Manufactured Home Community
HFF announced it has arranged an $11.5 million refinancing for Pacific Skies Estates; and Boston Capital Invests in a tax credit rehabilitation.
MARKET SNAPSHOT: Tech Industry Shores up San Francisco’s Prime Market Status
The San Francisco Bay Area remains one of the hottest multifamily markets in the country, with employment in the technology sector serving as a boon for the city’s overall economic climate.