Lion Real Estate Group acquired Bradford Woods, a 312-unit multifamily property in Nashville. The latest purchase increases the company’s stake in the Nashville market to five and brings its multifamily portfolio to 26 communities across five states. They will re-brand…
Focus Healthcare Partners acquired Treeo Senior Living for $26.2 million. Columbia Pacific Advisors was the seller. The Triangle Business Journal reports Columbia Pacific Advisors developed the community after buying the land for $1.8 million in 2016. Columbia built the facility…
Chicago-based Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $15.2 million loan with Campus Realty Advisors and T2 Capital. The transaction funds the acquisition, renovation and repositioning of The Junction San Marcos, a 152-unit, 488-bed student housing…
VP Tom Papoulias of Coldwell Banker Commercial West arranged the sale of the Seville Gardens Apartment Community, a 225-unit senior housing apartment complex located at 2701 Randolph St. in Huntington Park The transaction closed at $33,750,000. Papoulias represented the seller, Seville Gardens,…
The Paces Foundation and Soho Housing Partners opened The Legacy at Carr Heights Senior Apartments, a 120-unit affordable senior housing community in Charlotte, N.C. A number of other agencies collaborated on the project. Commercial Edge reports the financing for the…
Seattle Mayor Bruce Harrell recently signed a proposed bill that would promote the conversion of vacant and underused buildings into affordable housing. The measure would help developers looking to convert existing buildings from commercial to residential uses. The proposed changes…
Standard Communities headed a group of partners that picked up a 100% affordable multifamily project in Shelby, NC. The company paid $16.4 million for the Laurel Hill Apartments at 1526 Eaves Road in Cleveland County. Funding for the Laurel Hill…
Peach Hill Capital and RK2 Property Group acquired Georgetown Crossing, a 168-unit Class B garden-style apartment community in Savannah, for $25.6 million and plan to renovate it as soon as possible. Built in 1994, 103 of the units have not…
Simon Property Group celebrated the groundbreaking of a mixed-use multifamily project at Seattle’s Northgate Station, reported the Puget Sound Business Journal. The 234-unit building is the latest phase of development on the former Northgate Mall site. The project calls for…
Newmark has arranged a structured equity facility to finance programmatic student housing acquisitions throughout the U.S. Newmark secured the continuing equity source on behalf of the sponsor, Tailwind Group, a Minnesota-based real estate development, management and leasing firm. Newmark Vice…
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