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.  

JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired Apex on Quality Hill, a 138-unit luxury apartment community in downtown Kansas City, Mo. JVM Management will manage the community.

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.