Brookfield Properties joined a wave of investors banking on an impending resurgence in apartment demand with an $845M purchase of multifamily properties in Nevada, North Carolina, Arizona and Ohio. Brookfield Properties bought eight multifamily properties from Blackstone REIT, including Monaco…
Courtesy of Continental Realty Corp. The Dartmoor Place at Oxford Square apartment building in Elkridge The multifamily sales market has been heating up across the D.C.-Baltimore region, with the latest deal coming in between the two cities in Howard County. Continental…
Ventas Inc. bought the four-story assisted living facility Camellia at Deerwood at 10061 Sweetwater Parkway for $27.4 million from Chicago Pacific Founders. Both are Chicago-based companies. The property adds to Ventas’ 800-plus senior housing communities, including five in Jacksonville. The…
Gortikov Capital arranged a $150-million bridge loan secured by The Grad, a 260-unit, 1,002-bed Class A student housing tower serving San Jose State University. A capital markets team led by Bryan Gortikov secured the new floating-rate senior bridge loan from ACORE…
The “extend and pretend” trend of multifamily loan forbearance will lead to a wave of maturities in a year or so, according to Gray Capital. The private equity real estate company has published a new report on an emerging wave of loan…
Besides approving the project which will permit Hood Ventures to build a 210-unit multifamily community, the Concord City Council approved just over $170,000 in grants from the towns economic development office. The $48.3 million project will also have 10,379 square…
The old Eastland Mall is now called Eastland Yards, and the developer, Crosland Southeast, has delivered its first project. Evoke Living, a 72-unit, 55-and-up multifamily community, recently opened its doors in East Charlotte. It has one- and two-bedroom apartments and…
DarwinPW Realty/CORFAC International recently brokered the sale of 2224 W. Grand Avenue in Chicago, a 9,600-square-foot building on a 0.29-acre site, to an undisclosed residential developer. The property is home to Rainbow Art, Inc. and is zoned for a mixed-use…
BWE secured a $103 million Fannie Mae Multifamily credit facility execution to finance three market rate housing developments: The Murray in Summerville, SC; 1505 Demonbreun in Nashville, TN; and 131 Ponce in Atlanta, GA. J. Tyler Blue, Paul Wallace, and…
Eastern Union has arranged $20.4 million in refinancing toward the conversion of a six-story, 137-unit hotel in Plano, into an assisted living residential community. The transaction was originated and managed by Meir Abrahamson, a senior loan consultant with Eastern Union. …
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