News
Bonaventure Breaks Ground on $93M Development in Virginia
Bonaventure, a Virginia-based, operator-led multifamily real estate investment management firm, announced the groundbreaking of Attain at Swift Creek, a 344-unit multifamily community at 6805 Greenyard Road in Chesterfield County’s Swift Creek submarket. The $93.3 million project is financed through a 40-year, fixed-rate HUD Section 221(d)(4) loan originated by Walker & Dunlop, with Bonaventure backing the...
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Waterton Acquires Rental Community in Downtown Seattle
Waterton has acquired Arrivé, a 344-unit high-rise apartment community in Seattle’s Belltown neighborhood. The acquisition includes the residential portion of the building, located on floors 11-42 above a hotel property. Waterton plans to execute a light value-add program across the residences, common areas, amenities and hallways. “Arrivé’s location in the heart of Belltown puts residents...
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Work Begins on 60-Unit Denver Supportive Housing Community
The nonprofit Brothers Redevelopment, Inc. started work on a nearly $31 million development, building a 60-unit permanent supportive housing community at 1850 S. Chambers Road, in Aurora. The development, known as Wagoner on the Creek, will serve “justice-involved” and unhoused residents in Arapahoe County. Future residents will need to earn less than 60% of the area median...
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Velocity Financial to Acquire Toorak Operating Platform, Manage $3B Loan Portfolio
Velocity Financial, Inc. has agreed to acquire the operating platform of Toorak Capital LLC, a single-family and multifamily lending and asset management platform majority owned by funds advised by affiliates of KKR. Toorak has also entered into separate agreements with a third-party investment firm to acquire Toorak’s existing portfolio of loans totaling approximately $3 billion...
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Work Underway on 388-Unit Rental Community Near The Woodlands
Construction is underway on Broadstone Gosling Oaks, a 388-unit Class A apartment community being developed by Alliance Residential on 14.64 acres within Gosling Oaks. The 50-plus-acre mixed-use development is located at the southeast corner of Gosling Road and West Rayford Road in Spring, near The Woodlands. The first residences are expected to open in December...
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Sherman Associates Closes $136M Financing for Rochester MF Project
Sherman Associates announced the financial closing on a multifamily development in downtown Rochester, Minnesota. The mixed-income development will bring 349 new homes to downtown Rochester along the Zumbro River and adjacent to the Mayo Clinic campus. Located at 217 East Center Street, the project is the result of a public-private partnership with Sherman Associates, the...
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PGIM Provides $136.3M Financing for 7-Asset Manufactured Housing Portfolio
PGIM’s Real Estate Investment Group has provided $136.3 million in floating-rate financing to Bedrock Communities on behalf of its core-plus debt strategy for a seven-asset manufactured housing portfolio across central Florida. The portfolio comprises 1,577 sites. Trevor Arnholt, executive director at PGIM, added, “Manufactured housing continues to play an important role in addressing housing needs...
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Hawkins Way JV Acquires East Village Student Housing
Hawkins Way Capital and its joint venture partner, Varde Partners, have acquired 135 E. 12th St., a student housing property located in the East Village’s prime educational district. The purchase price was reportedly $51.5 million. Previously operated as Loeb Hall, a residence hall for The New School, the property will undergo renovations and be repositioned under...
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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