Finance
Johnson Capital Closes $75M, Nine-Property Deal for Florida Multi-Family Buildings
Johnson Capital just closed a $75 million debt and equity financing deal for one of its clients, facilitating the acquisition of a 1,271-unit portfolio of Class B-minus and Class C apartment communities in Florida and Texas.
Walker & Dunlop Provides $164M in Freddie Financing for Connecticut Multi-Family Properties
Walker & Dunlop L.L.C. has come through for Principal Management Partners with a $163.8 million loan package for the refinancing of a four-property apartment portfolio in Connecticut.
Scion Group, Arch Street Capital Get $52M in Acquisition Financing for Texas Student Housing
Aided by $52 million of financing placed by Holliday Fenoglio Fowler L.P., The Scion Group and Arch Street Capital Advisors have snapped up two student housing properties in Texas.
ULI: Emerging Trends in Europe Bearish for '12
“Debt” is going to be the name of the game for the European real estate markets in 2012, according to Emerging Trends in Real Estate Europe 2012, the industry forecast published by PwC and the Urban Land Institute.
Morgan Group Refis Five Multi-Family Properties for $146M
The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.
San Diego State Student Housing Refi'd for $56M Through AIG
Acting on behalf of AIG, Holliday Fenoglio Fowler has obtained a $56 million loan for Sterling Collwood, a premier student-housing property near San Diego State University.
Nine-Property Seattle M-F Portfolio Gets $155M Freddie Refi
Financing to the tune of $155.3 million has been put in place for a 2,184-unit apartment portfolio in metropolitan Seattle by CBRE on behalf of owners Holland Partner Group and Invesco.
Blackstone, DDR Make $1.4B Retail Play
BRE DDR Retail Holdings L.L.C., a joint venture between Blackstone Real Estate Partners VII L.P. and DDR Corp., has just spent $1.4 billion on a 47-property retail portfolio formerly owned by EPN Group.
Oak Grove Capital Originates $45M Fannie Mae Loan for Florida Apartments
Oak Grove Capital’s financing origination spree for apartment properties continues as the mortgage lender completes a $45M Fannie Mae affordable loan for The Waves, a 488-unit rental community in Plantation, Fla.
Vornado Nets $126M in 11 Penn Plaza Refi
Vornado Realty Trust rang out the old year by completing a $330 million refinance for 11 Penn Plaza, a 1.1-million square-foot office building in Manhattan.