Property Acquisitions and Dispositions
South Florida private direct lender projected to generate more than $400 million in 2018 deals
WINLYND, LLC has acquired the distressed bank note on a 384-bed student housing community in Beaumont, Texas and subsequently took ownership of the property following a foreclosure auction. The purchase price was not disclosed.
Greystone, a commercial real estate lending, investment, and advisory company, today announced it has provided a $35.8 million Fannie Mae DUS loan for the acquisition of Aldea at Estrella Falls in Goodyear, Arizona. The transaction was originated by Tim Thompson, Managing Director at Greystone, with Mark Paskill of Melvin Mark Capital Group acting as correspondent on the deal.
Greystone Affordable Development, a leading provider of affordable housing recapitalization and rehabilitation advisory services, announces the closing of a $55.8 million multifamily housing transaction in North Carolina, marking its 12th collaboration with Columbia, SC-based WWJ, LLC, one of the largest owners and operators of affordable housing in the Southeastern U.S., with 23 properties in North Carolina alone. Together, Greystone Affordable Development and WWJ have preserved over 5,600 affordable housing units to date, using the model they pioneered together a decade ago.
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of the 328-unit Lake Cameron Apartments, located in Raleigh, North Carolina.
WINLYND LLC has acquired 1,031 apartments out of foreclosure located in Florida’s Panhandle for $35.68 million. The lender, Bank of Oklahoma, held six separate auctions. WINLYND won three of them and acquired a fourth portfolio from a competing bidder who won the first auction. The apartments are located in Escambia, Okaloosa and Santa Rosa counties.
Joint venture plans 32-story, 374-unit rental tower in the heart of downtown Fort Lauderdale
Leading property management company to oversee operations of private island community
Greystone, a real estate lending, investment and advisory company, announced it has provided a $19.2 million Fannie Mae loan as part of a $32.25 million property acquisition by AMS Acquisitions in Bayonne, NJ. The loan was originated by Avrom Forman of Greystone’s New York office.