New Construction and Development
The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, today announced that it has secured $66M in financing provided by SunTrust Bank and Santander Bank, via a syndicate led by SunTrust Robinson Humphrey, for the Creative Village Parcel M Apartments in Downtown Orlando, its $108M co-development with Ustler Development, Inc.
DENVER, CO – December 3, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the financing of LakeHaus, a 200-unit, Class A apartment development located on Lake Calhoun in Minneapolis, Minnesota.
DENVER, CO – November 29, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces debt and equity financing totaling $23.5 million for the development of Cherokee Flats, a Class A, mid-rise building in Denver, Colorado, with 4,980 square feet of ground-level retail and 139 apartment units.
SAN DIEGO, CA – November 27, 2018 – HFF announces construction financing and joint venture equity for the development of Persea, a 305-unit, garden-style multi-housing community the San Diego-area city of Vista, California.
Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, closed on financing to begin construction of 86 new affordable apartments in Brevard County Florida. Luna Trails is a $19.6 million multifamily community located at 1705 South De Leon Avenue. All of the units will be reserved for family households earning at or below 60 percent of Area Median Income (AMI), which is currently $38,880 for a family of four.
Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, today announced the start of construction on Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Ave. in Chicago’s Albany Park neighborhood. Evergreen and CHA representatives joined 35th Ward Ald. Carlos Ramirez-Rosa, officials from the Illinois Housing Development Authority (IHDA) and other community stakeholders at a ceremonial groundbreaking on Oct. 11.
Housing Trust Group (HTG), one of the nation’s largest developers of multifamily communities, celebrated the grand opening of Arbor View, a $27 million development in the City of Margate in Broward County. Arbor View offers 100 affordable apartments for individuals 55 years of age or older earning at or below 60 percent and 33 percent of the area median income (AMI). Rents range from $428 to $1,002 for one- and two-bedroom units per month. The property was 100 percent leased on the day it opened.
Multifamily industry leader adds nearly 350 units to its rapidly growing portfolio
LMC, a leader in apartment development and management, today announced the topping out of 17th and Broadway, a mixed-use high-rise apartment community in Downtown Oakland.
