Other Multifamily News

ROSS Management Services, a leader in multifamily property management in the Mid-Atlantic region, today announced that 11 ROSS-managed communities have received individual 2017 SatisFacts Resident Satisfaction Awards, having achieved an average score of at least 4 on their resident satisfaction surveys last year.

RIVERGATE KW RESIDENTIAL-Managed ArtSquare Lands Orangetheory Fitness as Commercial Tenant

Greystone, a lending, investment and advisory company, announced it has provided a $1 million Freddie Mac small balance loan to refinance Huron River Apartments in Rockwood, MI. The transaction was handled by Cary Belovicz, an executive managing director of Greystone Bel Real Estate Advisors and John Marr, a managing director of Greystone.

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera West LA, a luxury apartment community located at the Howard Hughes Center in Los Angeles.

Greystone, a real estate lending, investment and advisory company, today announced it has provided $72.5 million in total Fannie Mae DUS® loans to refinance three multifamily properties in Michigan owned by Singh Development Company. The loans were originated by Fred Levine of Greystone’s Monsey, NY office.

Greystone, a real estate lending, investment and advisory company, today announced it has ranked #1 in Targeted Affordable Housing (“TAH”) loan origination volume for 2017 by Freddie Mac. Greystone’s Freddie Mac TAH volume included transactions closed as both Forwards and Immediate Fundings and included tax-exempt loan structures, green financing, value add and substantial rehab transactions nationwide.

NXT Capital (www.nxtcapital.com) announced today that it provided a $24.5 million first mortgage loan to facilitate Jevan Capital’s acquisition of a 224-unit, Class-B apartment community located in San Antonio, Texas. Jevan Capital is led by Jason Buxbaum.  Luke Donahue in the Phoenix office of NorthMarq placed the loan with NXT Capital.

Greystone Affordable Development, a leading services provider for affordable housing recapitalization, rehabilitation and development transactions, announced the closing of a $79.2 million transaction in Greensboro, North Carolina through the HUD Rental Assistance Demonstration program. Converting the financial structure of 645 units of affordable housing across nine affordable housing communities for the Greensboro Housing Authority, the RAD deal enables access to capital for physical improvements and overall increased operational efficiency.

Friday, January 19, 2018, was originated by Trez Forman’s Ryan Howard.