Daily Archives: September 8, 2022

JPI, Madera Residential, and WayMaker to Develop Over 1,750 Multifamily Units Across Thriving Dallas-Fort Worth Metroplex

IRVING, TX – JPI announced a joint venture with Madera Residential and WayMaker on five new developments across the DFW Metroplex. These five assets will provide over 1,750 class A multifamily homes to residents and help serve the growing need for housing in the thriving DFW metroplex. When completed, the joint venture portfolio will include […]

Greystone Affordable Development Again Ranks as #1 Rural Affordable Housing Developer by Council for Affordable and Rural Housing

Greystone Affordable Development, a national affordable housing developer, has been recognized yet again by the Council for Affordable and Rural Housing (CARH) as the top rural affordable housing developer for 2022. Greystone has achieved CARH’s top ranking for developers of affordable rural rental housing six times since 2015. Greystone Affordable Development assists owners and property […]

Tower 16 Sells Phoenix, AZ Apartments for $56.4 Million

Tower 16 Capital Partners has sold Obsidian on Ocotillo Apartments, a 232-unit multifamily project in Glendale, AZ, for $56.4 million. The property was purchased by Tower 16 in April 2021 for $40 million in an off-market transaction. The new buyer is SB Real Estate Partners, who is planning to further improve the property during its […]

RESIA CLOSES ON CONSTRUCTION FINANCING FOR A NEW MULTIFAMILY COMMUNITY IN DALLAS-FORT WORTH

  This is Resia’s Fifth Project in Texas   Resia (formerly known as AHS Residential) announces it has closed on construction financing for a 322-unit apartment community located in the Dallas-Fort Worth area.  Regions Bank provided the construction financing for this project, which is one of several brand-new Resia developments as the company continues to […]

Berkadia Arranges $57.5 Million Construction Loan for Neology Life Development Group’s “Fourteen Residences Allapattah” in Miami

   MIAMI (August 29, 2022) – Berkadia announces it has arranged $57.5 million in construction financing for Fourteen Residences Allapattah, a two tower, 237-unit apartment community located in Miami, Florida. Senior Managing Director Charles Foschini, Managing Director Chris Apone and Senior Analyst Shannon Wilson of Berkadia Miami secured the financing on behalf of Neology Life Development […]

Berkadia Arranges $55.5M of Equity and Secures Programmatic Joint Venture Partner for Development of Two Multifamily Projects in Phoenix, Ariz.

  Moderne Apartments, along with joint venture partner BCDC, will develop The Governor, with 176 units, and Moderne Arrowhead, with 182 units PHOENIX  (August 31, 2022) – Berkadia announces it has sourced both a joint venture partner and a preferred equity provider for developer Moderne to build two new multifamily communities in Phoenix totaling 358 units: […]