Kiser Group lists 5139 N. Broadway, a 37-unit mixed-use development on Chicago’s North Side, for $12 million. The listing is being marketed by Advisor Rick Ofman. “Chicago’s north side market continues to see steady investor interest,” said Ofman. “Located at the epicenter of three of Chicago’s hottest North Side neighborhoods for investments - Uptown, [...]
Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has been awarded tax credits from the Texas Department of Housing and Community Affairs to develop a new 90-unit, $22 million mixed-income apartment community in the heart of Fort Worth, Texas. Located at 1209 Jacksboro Highway, with elevated views over the Trinity [...]
Housing Trust Group (HTG), one of the largest developers of affordable housing in the United States, is ramping up its development activities in several new states to help meet the overwhelming demand for affordable housing in the wake of the COVID-19 pandemic. To accelerate HTG’s growth, the company has restructured and appointed HTG executives to [...]
Berkadia announces it has arranged $27.54 million in financing for the acquisition of Melvin Park Apartments, a 263-unit community in Catonsville, Maryland. Senior Managing Director Mitch Sinberg, Associate Director Matthew Robbins and Senior Analyst Abigail Beauchamp of Berkadia’s Boca Raton office secured the financing on behalf of a JV between GMF Capital and Limitless Management. [...]
Greystone, a leading national commercial real estate finance company, announced that Romano Tio, Senior Managing Director, has joined the Commercial finance team led by Scott Chisholm, based in New York. In this role, Mr. Tio will focus on large loan origination across an array of platforms while working to expand the firm’s lending activities to [...]
LANDOVER, MD - Mission Rock Residential, a Denver-based multifamily property management company, is announcing another new management contract in the D.C. metro area, this time for Summerfield at Morgan Metro Apartments in Landover, MD, formerly operating as Century Summerfield at Morgan Metro Apartments. Mission Rock has been issued an agreement to manage the 478-unit community [...]
KANSAS CITY, MO - The Cordish Companies announced that the eagerly awaited $140 million Three Light Luxury Apartments will commence construction this May and that construction on the conversion of the historic Midland office building into the 139-unit, affordably priced Midland Lofts will begin this summer. Following the success of its predecessors, One Light and [...]
MODESTO, CA - Graceada Partners and Osso Capital announced the acquisition of The Edge at Lakewood on 1401 Lakewood Ave in Modesto, California. The 196-unit apartment community is located a few miles outside of downtown Modesto and within walking distance of Lakewood Elementary School. "We continue to see great potential in the Northern California region [...]
SAN DIEGO, CA - MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its presence in the Inland Empire, announcing the acquisition of The District Apartment Homes. Formally known as The District at Grand Terrace, MG Properties Group purchased the property from Tower 16 Capital Partners for $88,000,000. "We [...]
GOODYEAR, AZ – Privately-held real estate investment firm, 29th Street Capital (29SC), has acquired Lunaire Apartments. The purchase marks the firm s 14th multifamily acquisition in the Phoenix metro area, totaling nearly 2,700 units in the market. Built in 2008, Lunaire Apartments is a Class A-, 240-unit asset located in the West Valley submarket of [...]