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Passco Companies Acquires $58M Multifamily Community
The 300-unit luxury property in Augusta, GA was purchased from site developer, Southeastern Development Associates. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Interests in Suburbs Results in Multifamily Property Swap
Fairfield Properties and Eagle Rock reached a unique deal, involving trading properties on Long Island, NY. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
L+M Development and Invesco Buy $1.2B Portfolio To Create Affordable Housing
With New York City’s affordable housing crisis, the developers plan to tap into tax credits and to return more than 1,800 market-rate apartments to rent regulation. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
$7.5B Bleutech Park Comes to Las Vegas
Bleutech Park Las Vegas is a digital infrastructure city and the first of its kind in the world. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Liss Property Group Adds Two Philly Apartment Properties to Portfolio
The Gladwyne, PA-based firm has purchased the Fox Chase Apartments, at 7922-36 Barnes St. and the Arendell Avenue Apartments, located at 4308 Arendell Ave. in Northeast Philadelphia, according to Rittenhouse Realty Advisors, which brokered the transaction. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Harrisburg PA Multifamily Portfolio Trades for $50M
The Loketch Group will complete a like-kind exchange with the proceeds of the sale primarily with development opportunities in Brooklyn. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Florida-Based REIT Buys Georgia Multifamily Portfolio for $203M
The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Latest Mt. Baker Renovations Ensure Affordability for Decades
Mt. Baker Housing tackled the community redevelopment project and transformed the seven-building Mt. Baker Village Apartments into a transit-oriented development two blocks from the Mt. Baker light rail station. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Capital Sources Remain Hungry for Apartment Construction Deals
Despite the maturity of the cycle, preferred equity and structured debt providers have a healthy appetite for new construction apartment projects. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
JLL REIT Expands Phoenix Apartment Portfolio
JLL Income Property Trust has acquired a 273-unit apartment building in Chandler, Arizona. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service