Tower 16 Capital Partners Secures $128M Refinancing on Ardella Four-Property Multifamily Portfolio
San Diego-based Tower 16 Capital Partners has successfully closed on a $128 million refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-year...
JBM Brokers the Sale of Brantley Pines Apartments in Fort Myers
JBM® Institutional Multifamily Advisors is pleased to announce the sale of another Southwest Florida multifamily property – Brantley Pines for $57,000,000 or $192,568/unit.
The seller was The Inland Real Estate Group of Companies, Inc. –...
Monaco Apartments LLC Completes $45.7M Acquisition of Monaco Apartments in Midland Texas
Monaco Apartments LLC purchased luxury residential property, Monaco Apartments, for $45.7 million. Located in the Midland-Odessa area of West Texas, the vibrant residential community was acquired on July 12, 2024, with the total Real...
The Walnut Street Joint Venture Holds Groundbreaking on Walnut Knoll, 200-Unit Senior Affordable Housing...
The Walnut Street Joint Venture, comprised of Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, Peabody Properties, one of the preeminent property management and development...
Mesa West Capital Funds $47M to Refinance Senior Housing Community Discovery Village at the...
Mesa West Capital has provided a $47 million loan to refinance Discovery Village at the West End, a 219-unit, two-building senior housing community in Richmond, Virginia.
The floating-rate loan is secured by the 37-acre community...
Peach Hill Capital and RK2 Property Group Acquire Savannah Apartment Community Georgetown Crossing for...
Peach Hill Capital, in a joint venture with RK2 Property Group, has acquired Georgetown Crossing, a 168-unit Class B garden-style multifamily community in Savannah, Georgia in an off-market transaction for $25.6 million.
Georgetown Crossing, built...
Marcus & Millichap Announces Sale of 288-Unit Vanderbilt Apartments in Clute Texas Outside of...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Vanderbilt Apartments, a 288-unit apartment home community in Clute, Texas.
"The closing...
Tenant protections to be imposed for GSE loans
The Federal Housing Finance Agency (FHFA) has announced tenant protections that will be imposed on all multifamily properties with financing from the Government Sponsored Entities (GSE’s), Fannie Mae and Freddie Mac. The protections will...
JLL Arranged the Financing for the Development of the Class A Multifamily Project Northwest...
JLL Capital Markets announced that it secured senior and mezzanine financing for the development of the first phase of Northwest Village, a to-be-built Class A multifamily project located in Northern Fort Worth, near the...
Cross Street Tapped to Market and Lease New Office-To-Residential Conversion The Bell Apartments in...
Cross Street has been tapped to exclusively lease and market the highly-anticipated conversion of the former Ohio Bell Building, a 367-unit luxury building in downtown Cleveland now known as The Bell Apartments. Peak Properties...
Construction materials prices edge higher in June
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in June on a seasonally adjusted basis. In addition, the change...
Fairfield Residential and Griffin Capital Expanding Charlotte Apartment Portfolio with 2300 North Tryon Apartments
Fairfield Residential with financing from Griffin Capital has commenced the construction of 2300 North Tryon, a 307-unit, five-story apartment community north of uptown Charlotte.
The Charlotte Business Journal reports the developers filed a building permit...
KKR Acquires $2.1B Multifamily Portfolio from Quarterra
KKR, a leading global investment firm, announced that KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company,...
CBRE Facilitates the Sale of Orange County Multifamily Potfolio
CBRE closes three multifamily triplex properties in Orange County, which traded hands in recent deals to separate buyers totaling $7.05 million. The properties include 322 Cypress Drive in Laguna Beach, 205 Ogle Street in...
San Francisco Multifamily Tower 1965 Market Street Could Be First Built Under SB 423
Keller Grover Properties, the developer of 1965 Market Street, told San Francisco’s planning department it would attempt to use Senate Bill 423 just days after the city became subject to the streamlining law.
1965 Market...
