$31.16 million financing secured for luxury Colorado multihousing community
JLL Capital Markets announced that it has arranged the $31.16 million refinancing for Epoque Golden, a 120-unit, Class A, four-story, luxury multihousing community in Golden, Colorado.
JLL worked on behalf of the borrower team, including...
Capital Square and Perch Complete Construction of Single-Family Build-For-Rent (BFR) Community Perch Denton Near...
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the construction completion of Perch Denton, a 195-unit, single-family build-for-rent community...
Standard Communities leads public-private partnership acquiring 148 unit mixed income community in Chicago
Standard Communities, a major national affordable housing developer and investor, led a public-private partnership that acquired Lake Park Crescent Apartments, a 148-unit mixed income community in Chicago.
The total capitalization of the transaction is approximately...
Details announced for Cardinal Crossing, Forest Acres’ first-ever mixed-use community
The Beach Company announced details for Cardinal Crossing, the first-ever mixed-use community in the highly sought-after Forest Acres neighborhood in Columbia, S.C. Plans for the development include diverse retail and dining options in addition...
5-property seniors housing portfolio in Southeast Florida purchased for $64 million
JLL Capital Markets announced it has closed the $64 million sale of a five-property seniors housing portfolio with properties located throughout Southeast Florida.
JLL represented an undisclosed seller to complete the sale to the buyer,...
Two CCHS-Approved Development-Ready Sites Trade in Deals Totaling $3.3M in San Diego
The permit-ready development site and development plan qualify for San Diego’s Complete Communities Housing Solutions (CCHS) program, an affordable housing incentive program allowing more dense housing projects near high-frequency transit. Joe Brady of Urban...
ECI Group acquires 260-unit Longitude 81 Apartments in Estero, Florida
ECI Group (ECI) announces the acquisition of Longitude 81 Apartments, a 260-unit, upscale apartment community at 11221 Everblades Parkway in Estero, Florida. Built in 2016, Longitude 81 encompasses 11, two-story apartment buildings on 17.95...
Westmount Realty Capital acquires garden-style multifamily community in Arizona
Westmount Realty Capital announced the acquisition of Urban Trails at the District, a two-story, garden-style apartment community located at 1620 W Southern Ave. in fast-growing Mesa. The 156-unit multifamily community consists of one- and...
JLL to Market Trophy Bay Ridge Brooklyn Development Site
JLL Capital Markets announced it has been retained by ASG Equities to explore opportunities, including potential joint venture partnerships or a sale, tied to an assemblage that includes a 64,468-square-foot lot and 186,071-square-foot commercial...
Tredway Expands Footprint in North Carolina with the Acquisition of Two Affordable Housing Apartments,...
Tredway, an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, announced the acquisition and preservation of 84 units of deeply affordable Project-Based Section 8 housing. The subject properties are...
Production volume and profits down in 2017 for independent mortgage bankers
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association (MBA)...
Western Wealth Capital Announces New Investor Partner, Recapitalization of Diverse Portfolio of 11 Multifamily...
Western Wealth Capital (“WWC”), a real estate investment company, announced a new partnership with StepStone Group Real Estate LP (“SRE”), a subsidiary of StepStone Group Inc., a global private markets investment firm, initiated by...
REEP Equity secures acquisition financing for Savoy Manor in Houston
JLL Capital Markets announced it arranged acquisition financing for Savoy Manor, a 192-unit multihousing property located in Houston, Texas.
JLL worked on behalf of the borrower, REEP Equity, to secure the 10-year, floating-rate loan through...
The Milestone Group Announces Acquisition of Axis Delray Beach Apartments in Delray Beach Florida
The Milestone Group (Milestone) announces its acquisition of the Axis Delray Beach Apartments, a 488-unit, garden-style multifamily community located at 1495 Spring Harbor Drive in Delray Beach, Florida. The purchase price was not disclosed.
“The...
Midtown Phoenix multifamily asset sold by Institutional Property Advisors for $78.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit.
“Influenced by...
