Property Acquisitions and Dispositions
Greystone, a real estate lending, investment, and advisory company, announced its Real Estate Advisors group closed the sale of Juanita Nolasco Apartments, a 188-unit affordable housing community in Denver, CO. Greystone’s Aaron Hargrove and Eric Taylor represented the seller, a limited liability entity, in the sale to Jonathan Rose Companies, for $31,250,000 in December 2017.
Greystone, a real estate lending, investment and advisory company, today announced it has provided $55,199,000 in Freddie Mac financing for the acquisition of an affordable housing community in Stamford, CT. The loan was originated by Dan Sacks of Greystone’s New York office in conjunction with Greystone’s Affordable Lending team.
JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced the closing of its Fund 6 and Premier Fund II equity funds. Combined, the funds raised $109 million.
Greystone, a real estate lending, investment and advisory company, today announced it has provided a $36,400,000 bridge loan for the acquisition of Parkside Place Apartments in Spring, TX. The loan was originated by Donny Rosenberg of Greystone’s New York office for Ilan Investments, led by Charlie Yalamanchili.
Greystone Real Estate Advisors provided advisory services to Triad Senior Living, Inc. in its $34.5 million sale of Country Club of Woodland Hills, a 200-unit independent living and residential care community in Tulsa, Oklahoma. National Health Investors purchased the community from Triad on December 1, 2017 and Discovery Senior Living will take over community operations. Justin Ridnour of Greystone represented and advised Triad in the transaction.
Greystone Brown Real Estate Advisors today announced it has closed on the sale of The Belmont in Montgomery, AL and Crossings of Millbrook in Millbrook, AL, for a combined $48,150,000. Walter Miller, Jim Jarrell, Cory Caroline Sams, and Bo Brown of Greystone Brown Real Estate Advisors advised the buyers and sellers for The Belmont. Walter Miller, Cory Caroline Sams, Taylor Brown and Bo Brown represented the seller for The Crossings at Millbrook. Both deals closed within a few days of each other.
CAPREIT, a national real estate development and investment company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced the acquisition of Madison Cypress Lakes, a 1,002-unit apartment community in the Tennessee suburbs of Memphis. The community will be rebranded as Waterview Apartments.
Greystone Brown Real Estate Advisors today announced it has closed on the sale of Oglethorpe Square, a 160-unit apartment community, for $18,095,000. Located in Pooler, GA in Chatham County, the property was sold on September 27. Bo Brown and Steve Mack of Greystone Brown Real Estate Advisors represented the buyer and seller in the transaction.
Greystone, a real estate lending, investment and advisory company, today announced it has provided a $26.65 million Fannie Mae DUS® loan in combination with $5.35 million in preferred equity from New York Mortgage Trust, Inc., for the acquisition of Autumn Park, a 358-unit multifamily property in Newark, Delaware. The transaction was originated by Keith Hires of Greystone’s Atlanta office with Ryan Ade and Neil Campbell of HFF as correspondents on the deal.