Detroit, Chicago and Denver have the highest risk scores among the top 25 metro areas for maturing multifamily loans, Kroll Bond Rating Agency (KBRA) said in a new report. KBRA weighed apartment supply and demand metrics from several sources to…
The Allen Morris Co. and the Alaska Permanent Fund Corp. are joining forces on a 253-unit multifamily project in Sarasota. The duo secured an $83 million construction loan for the Bayside Sarasota from Kennedy Wilson. The project, which will be…
The Sweet Auburn neighborhood of Atlanta, one that is often overlooked by apartment investors, will be home to two new housing opportunies. One will be a unique setup that more closely resembles college housing. A $37 million affordable project will…
The New Mexico Behavioral Health Institute (NMBHI) is gearing up to build a new $98 million forensics unit to better facilitate competency restoration services, a set of mental health interventions that restores a defendant’s competency to stand trial. The 115,000-square-foot facility…
Time Equities (TEI) acquired The Armory at Sam Houston, a student housing complex located at 2257 Sam Houston Avenue in Huntsville, for $25.75 million. Built in 2018, the 145-unit/502-bed development is the nearest privately owned student housing property to Sam Houston State…
The city of Greensboro is hoping to revive a blighted area by deciding on a proposed mixed-use parcel on what is now a 3.4-acre vacant lot. Two were presented to the Redevelopment Commission of Greensboro at its latest meeting. One…
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided $58.8 million in bridge financing for Solis at Petrosa, a newly constructed 260-unit apartment complex in Bend, Oregon. Proceeds from the loan will go towards refinancing the borrower’s existing construction…
Naftali Credit Partners and J.P. Morgan provided a short-term bridge loan of $120 million to Tidal Real Estate Partners. The loan finances 1111 Church Street, a 25-story luxury multifamily and retail development in Nashville. The $120 million loan, consisting…
Irvine Company has seen continued leasing momentum at 300 North LaSalle, with an additional 113,000 square feet recently leased. Global law firm White & Case LLP has leased 64,000 square feet and will occupy two and a half floors in…
Essex Realty Group, Inc., has negotiated the sales of five apartment buildings in two separate transactions. One sale was a four-building, 50-unit portfolio located at 6153 S May, 6348 S. Racine, 6459 S. Racine, and 6934 S. Princeton — all…
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