KeyBank Real Estate Capital (KBREC) announced the closing of a portfolio of seven (7) FHA 232/223f mortgage insured loans, totaling $157.2 million for Wellsential Health. The financing was executed through the FHA 232/223(f) mortgage insurance program and supports seven skilled nursing facilities located across Texas. The 35-year, fixed-rate loan will provide long-term stability for Wellsential Health’s operations and enable...
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Canadian Apartment Properties REIT has acquired six rental properties across Canada, the REIT announced Tuesday. The acquisitions include a newly built, two-building rental complex in Laval, Que., comprising 436 suites constructed in 2020 and 2023, purchased for $178 million, with CAPREIT assuming a $29.5-million mortgage at an interest rate of 3.3% for a remaining term...
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Ashcroft Capital acquired Birchstone Cedar Ridge, a garden-style community in Dallas built in 2024. The acquisition was completed through a joint venture that includes Pearlmark Real Estate and Temerity Strategic Partners. The seller was TDI. The property (formerly Jefferson Cedar Ridge) features 360 apartment homes and becomes Ashcroft’s 20th multifamily property in the Dallas-Fort Worth metroplex. Frank...
Learn moreBWE secured $38.5 million in first mortgage financing secured by a first lien on Encore at Beacon Place, a 252-unit, build-to-rent (BTR) multifamily complex in Kathleen, Georgia, part of the Warner Robins metropolitan area. Paul Harbor and Caleb Carter, both in BWE’s Birmingham, AL office, originated the bridge loan on behalf of the undisclosed borrower....
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Woodfield Development secured a $47 million floating-rate bridge loan from ACRE for the Union Green apartments, a 295-unit development that includes one-, two- and three-bedroom apartments across two four-story buildings. Amenities include a pool, clubhouse, fitness and wellness studio and a sky lounge. Union Green was delivered at the end of 2024. Woodfield has completed...
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AOG Living inked a $66.8 million loan to refinance Art Avenue Apartment Homes, a 300-unit, Class A garden-style multifamily apartment community located in the Vista East neighborhood of Orlando, Florida. Lender Starwood provided the three-year loan with two one-year extension options. The financing structure also includes a $3 million future-funding component to support the sponsor’s capital-expenditure...
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Housing starts in Canadian major markets fell 3% year-over-year in November, says a new report from the Canada Mortgage and Housing Corporation. Actual housing starts in centres with populations of 10,000 or more declined to 21,870 units compared with 22,501 in November 2024. That marked the second-straight 3% drop in actual starts. “Both the six-month...
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The latest Emerging Trends report from PricewaterhouseCoopers and the Urban Land Institute puts seniors housing, along with data centers, at the head of the list of commercial property types for investment and development prospects. With the youngest of the Baby Boom generation now in their early 60s, seniors housing certainly has demographic tailwinds propelling it. Limited new supply is another plus. However, succeeding in the...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California