News
Bela Flor Lands $116M Refi for 3-Property BTR Portfolio
CBRE has secured $116 million in pre-stabilized bridge financing for three recently delivered built-to-rent properties in the greater Phoenix metro area owned by Bela Flor. Bruce Francis, Doug Birrell, Bob Ybarra, Nick Santangelo, and Shaun Moothart with CBRE Capital Markets’ Debt and Structured Finance secured an initial two-year, floating-rate term featuring full-term interest-only, with three extension options on behalf of the...
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Portman Including Row Houses, Town Homes in Pompano Beach Rental Venture
Portman introduced a new multifamily community with ground-floor retail in Pompano Beach, Florida. The project is expected to break ground in Fall 2026 and be delivered in late 2028. Located at 2400 E Atlantic Blvd and rising eight stories, the project will include a unique selection of walk-out townhomes and rowhouses with direct street access,...
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Boardwalk REIT Acquires Laval MF Property for $249M
Boardwalk REIT has agreed to acquire a three-tower apartment-rental property in Laval, Que., for $249 million. The proposed purchase of the Central Parc 1, 2 and 3 multi-family site was part of $273.1 million in transaction activity, including debt assumption, conducted by the Calgary-based REIT. Boardwalk is also selling two Edmonton apartment properties as part...
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Pierce County Approves $12M to Fund Four Housing Projects
The Pierce County Council has approved $12.2 million to fund four housing projects that will create or preserve 646 units of affordable housing for individuals and families. The funding comes from tax generated by the Maureen Howard Affordable Housing Act, which has supported the creation, development, or preservation of 1,387 units of affordable housing in...
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PRP Real Assets Acquires 371-Unit Multifamily Property in Florida
PRP Real Assets (PRP) announced the acquisition of The Place on Millenia, a 371-unit Class A multifamily property located in Orlando, Florida. Built in 2007 and partially renovated in 2021, The Place on Millenia is a garden-style apartment property offering one-, two-, and three-bedroom units averaging over 1,100 square feet. In addition to constructing a...
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Ariel Closes Sale of East Harlem Development Site
Ariel Property Advisors closed the sale of a 55,000-buildable-square-foot development site at 7-11 E. 115th St. in East Harlem for $8.9 million. The final price of $163/BSF reflects an easement for 19 parking spaces required for an adjacent property. An Ariel team comprised of president and founder Shimon Shkury, founding partner Victor Sozio, Director Alexander Taic, founding partner Michael...
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Ziegler Secures $70M for Seniors Housing Project
Investment bank Ziegler recently announced the completion of a significant financing transaction for Greenwood Village South, closing a total of $70.85 million. The funding includes various bond series that will enable the expansion and modernization of the senior living community’s facilities. Westminster Village Greenwood, Inc. d/b/a Greenwood Village South (GVS) is an Indiana not-for-profit corporation that owns...
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3650 Capital, Bank OZK Finance Stamford Multifamily Development
3650 Capital originated a $32-million mezzanine loan to facilitate the ground-up construction of The Coastline, a Class A, 198-unit multifamily property at 130 Broad St. in Stamford, CT. The project, slated for completion in summer 2027, is also being financed with a $59-million senior loan from Bank OZK. The loan, originated by 3650’s Real Estate Credit...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout