Greystone, a real estate lending, investment and advisory company, announced it has provided a $17,250,000 bridge loan to finance the acquisition of The Pavilions at Monterey in Palm Bay, FL. The transaction was originated by Leor Dimant of Greystone’s New York office.

SOUTHAVEN, Miss. – June 29, 2017 – 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 Legacy Crossing, a 430-unit apartment community in the Mississippi suburbs of Memphis.

Greystone Provided Sales Advisory as well as a Fannie Mae Acquisition Loan

Greystone Real Estate Advisors’ Affordable Housing group today announced it has closed on the sale of Brentwood Apartments, a 98-unit affordable housing community, for $3,250,000. Located in Sioux Falls, SD, the asset was sold by Sioux Falls Leased Housing Associates II, LP to Legacy Development & Consulting Company, LLC. Eric Taylor of Greystone Real Estate Advisors’ Affordable Housing group represented the seller in the transaction.

The PPA Group, a multi-family focused commercial real estate investment and development firm, has acquired Citation North Apartment Homes in partnership with a private Israeli investment company. Grandbridge Real Estate Capital facilitated the deal. The 236-unit class C residence is located on eight acres in North Houston. Under its new ownership, the property will be renamed Highland Cross Apartments.

Owner Utilizes Long-Term Loans to Refinance & Acquire Prime Multifamily Property in NYC 

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 it has assumed management responsibilities for three affordable housing communities in the Miami metropolitan area. 

Greystone Brown Real Estate Advisors today announced it has closed on the sale of Chalet Valley, a 140-unit apartment community, for $6,115,000. Located in Dalton, GA, the asset was sold by Augsburg Investments, LLC to Dalton Valley, LLC. Taylor Brown, Walter Miller, Chandler Brown, and Bo Brown of Greystone Brown Real Estate Advisors represented the seller in the transaction.

Greystone, a real estate lending, investment, and advisory company, announced its Real Estate Advisors group closed the sale of Rose Park Plaza Apartments, a 112-unit affordable housing community in Billings, MT. Greystone’s Aaron Hargrove, Eric Taylor and David Garcia represented both the buyer, Capital Realty, and the seller, Rose Park Plaza Partners, Ltd., RLLLP, in the transaction.