Other Multifamily News
Berkadia announces it has secured a $90 million loan to refinance the Divosta Towers, two newly built luxury office towers totaling approximately 217,000 square feet in Palm Beach Gardens, Florida. Senior Managing Director Charles Foschini, Managing Director Scott Wadler and Senior Analyst Robert Iudice of Berkadia Miami secured financing on behalf of the owner, Gatsby Enterprises. The property was in the final stage of its lease up when the refinance effort was launched, during which it achieved strong leasing velocity and was stabilized by closing.
Greystone Provided $20 Million in Total Financing This Year with Two Transactions for Same Sponsor
Greystone, a leading national commercial real estate finance company, placed a total of $23.5 million in bank financing to refinance two senior housing properties in Indiana and Arizona. The separate transactions were originated by Cary Tremper, Tyler Armstrong, and Matt Miller of Greystone, on behalf of Spectrum Retirement Communities.
Peak Properties, LLC has been instrumental in the purchase of a 14-unit vintage apartment building and tapped to manage another vintage property in the Ukrainian Village neighborhood as they continue to expand their investment and property management portfolio which now exceeds 8,500 units across Chicagoland.
Trilogy Real Estate Group, a Chicago-based real estate investment, property management and development firm, earned national recognition as a top property management company in the National Apartment Association 2022 NAA Top Employers award program for the second consecutive year. The award identifies member organizations that foster collaborative and innovative work environments by encouraging employee engagement and performance. At the regional level, the company was also recognized as one of the winners for Chicago's Best and Brightest Companies to Work For.
LIVEbe Communities, a premier apartment developer and operator dedicated to delivering distinct apartment homes within connected communities, today announced a series of initiatives designed to give back to local communities served by the company.
Greystone, a leading national commercial real estate finance company, has provided $20,000,000 in HUD-insured financing for a 216-unit affordable housing property in Hialeah, Florida. The FHA financing was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Lewis Swezy of Centennial Management.
Commercial lender provides financing to prominent developer Allen Morris Company
