Wednesday, April 2, 2025
Read the Digital Magazines Subscribe to the Newsletter

News

Azola Desert Ridge
ArizonaDevelopmentFinanceNewsWestern

ZOM Living Secures $88 Million in Financing for Project in Phoenix

by Channing Hamilton

PHOENIX — ZOM Living has secured financing for the development of Azola Desert Ridge, a 416-unit community in Phoenix. The funding includes $88 million in construction financing, as well as a joint venture equity investment from Origin Investments. Azola Desert Ridge will offer 416 units across multiple four-story buildings. The garden-style community will feature one-, two- and three-bedroom apartments ranging from 730 to 1,533 square feet. Amenities include a pool and deck, fitness center, dog park, pet grooming salon, glam room, podcast room, individual offices for residents and a self-service market …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMississippiNewsSoutheast

Gulf Coast Housing, Midtown Partners Open Affordable Housing Community in Jackson, Mississippi

by Channing Hamilton

JACKSON, MISS. — Gulf Coast Housing Partnership (GCHP) and local nonprofit organization Midtown Partners Inc. have opened Noel Place, a 27-unit affordable housing asset located at 144 Noel St. in Jackson. About 60 percent of Noel Place’s apartments will be reserved for special needs residents, including people with disabilities and senior citizens. Federal Home Loan Bank of Dallas and BankPlus awarded GCHP with a $499,000 grant to help fund the construction of Noel Place. Other project partners include Mississippi Home Corp. and Mississippi Regional Housing Authority No. VI.

Continue Reading
0 FacebookTwitterLinkedinEmail
Eric Thorsen
ColoradoNewsPeople NewsWestern

Atlas Real Estate Appoints Eric Thorsen as Chief Investment Officer

by Channing Hamilton

DENVER — Atlas Real Estate, a Denver-based owner and operator of single-family rental (SFR) and build-to-rent assets, has promoted Eric Thorsen to the position of chief investment officer. In his new role, Thorsen will oversee the firm’s investment strategy, including joint ventures, acquisitions, dispositions, asset management and data strategy. He joined Atlas Real Estate as an analyst and has since helped execute about $2 billion in SFR transactions.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsTexas

Sunrise Realty Trust Commits $46.5 Million for Refinancing of Property in Dallas

by Channing Hamilton

DALLAS — Sunrise Realty Trust Inc., a lender on the Tannenbaum Capital Group (TCG) Real Estate platform, has closed on a $46.5 million commitment to a $62 million senior loan for the refinancing of The Bohéme, a 352-unit community in Dallas. TCG Real Estate originated the loan. The remaining $15.5 million of the total loan is held by an affiliate on the TCG Real Estate platform. Kairoi Residential is the sponsor. The Bohéme was built in 2023. The community rises eight stories across from Lake Cliff Park within the Bishop …

Continue Reading
0 FacebookTwitterLinkedinEmail
1244, 1301 and 1325 W Devon
IllinoisInvestment SalesMidwestNews

Kiser Group Brokers Sales of Three Communities in Chicago for $10.5 Million

by Channing Hamilton

CHICAGO — Kiser Group has arranged the sales of three communities located in Chicago’s Edgewater neighborhood for a total of $10.4 million. The assets, which were all constructed in 2016, consist of 25 two- and three-bedroom units with ground-floor commercial space. Andy Friedman and Jake Parker of Kiser brokered the sales. The buildings were originally listed as a portfolio sale, but Kiser decided to split the buildings for individual sale, citing the rise in interest rates at the time of launch. All three buildings sold to new entrants in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNewsNortheast

Wells Fargo Provides $231 Million in Bond Financing for Manhattan Apartment Building

by Channing Hamilton

NEW YORK CITY — Wells Fargo has provided $231 million in tax-exempt bond financing for Hawthorn Park, a 54-story residential tower located at 160 W. 62nd St. on Manhattan’s Upper West Side. The building features 339 units, 271 of which are rented at market rates and 68 of which have been set aside as affordable for households earning 50 percent or less of the area median income. According to Apartments.com, Hawthorn Park was built in 2014. The property offers studio apartments with an average size of 500 square feet. Amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceMidwestMinnesotaNews

Aeon Secures $39 Million for Refinancing of Affordable Housing Portfolio in Metro Twin Cities

by Channing Hamilton

NEW HOPE, BLOOMINGTON AND ST. PAUL, MINN. — Aeon, a Twin Cities-based nonprofit that builds affordable housing, has received $39 million in loans to refinance a portfolio of six affordable housing communities in New Hope, Bloomington and St. Paul. Victor Agusta of BWE originated the Freddie Mac loans on behalf of Aeon. The portfolio includes Bass Lake Crossing and Kings Manor in New Hope; Cedar Gate, Cedar Glen and Metropolitan Towers in Bloomington; and Larpenteur Villa in St. Paul. The properties total 529 units, all of which are reserved for …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ashton
Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of 152-Unit Asset Near Fort Worth, Texas

by Channing Hamilton

SAGINAW, TEXAS — Marcus & Millichap has arranged the sale of Ashton, a 152-unit property in Saginaw, roughly 8 miles north of Fort Worth, Texas. Ford Braly, Al Silva and Dylan York of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private out-of-state investor, and procured the buyer, a local operator. Located at 681 N. Saginaw Blvd., Ashton was built in 1984. The community features one- and two-bedroom apartments with patios or balconies, walk-in closets and fireplaces. Tenants have access to amenities such …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pullman Modern Urban Apartments
CaliforniaFinanceNewsWestern

Phoenix Development Co. Receives $27.8 Million in Refinancing for Property in Santa Rosa, California

by Channing Hamilton

SANTA ROSA, CALIF. — Phoenix Development Co. has received $27.8 million in refinancing for Pullman Modern Urban Apartments in Santa Rosa, about 55 miles north of San Francisco. The community consists of 114 apartments across three residential buildings located at 725 Wilson St., 755 Wilson St. and 85 8th St. The project is currently in lease-up with stabilization estimated toward the end of 2025. Gary Mozer of IPA Capital Markets, a division of Marcus & Millichap, arranged the 36-month, floating-rate nonrecourse loan, which features interest-only payments for the full term, on …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cypress Drive Apartments
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers Sale of Six-Unit Property in Fort Lauderdale, Florida

by Channing Hamilton

FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $1.3 million sale of Cypress Drive Apartments, a two-story apartment building located at 5195 NE 18th Ave. in Fort Lauderdale’s Coral Ridge Isles neighborhood. The property offers six units in a mix of one- and two-bedroom configurations. Amenities include a pool and an on-site laundry facility.  Austin Michels, Brandon Rex and Evan Kristol of Marcus & Millichap’s Fort Lauderdale office represented the undisclosed buyer in the deal. The seller was also not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.