Other Multifamily News
Experienced developer seeking $100 million equity raise for multi-asset fund targeting multifamily development across the Southeast and Texas
Quarterra today announced the opening of Spectra, a luxury mixed-use community in the Marymoor submarket of Redmond, WA. Spectra, developed in partnership with QuadReal Property Group, is the first apartment community to deliver in the core of the emerging Marymoor Village following the historically industrial neighborhood’s rezoning in anticipation of the nearby Link Light Rail Station. Move-ins are scheduled to begin in September.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the start of move-ins at Modera Six Pines, a wellness-inspired apartment community in The Woodlands, an affluent and charismatic neighborhood 27 miles north of Houston.
Greystone, a leading national commercial real estate finance company, has provided $8,900,000 in total Fannie Mae Delegated Underwriting and Servicing (DUS®) loans to refinance two multifamily communities in Melbourne and Tampa, Florida. The fixed-rate, 10 and 15-year term loans with 25-year amortization schedules and full-term interest-only were originated by Cullen O’Grady, managing director in Greystone’s Rockville, MD office.
Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., today announced the refinance and recapitalization of two multifamily assets valued at more than $180 million.