Property Acquisitions and Dispositions

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. 

Greystone, a real estate lending, investment and advisory company, today announced it has provided $55,199,000 in Freddie Mac financing for the acquisition of an affordable housing community in Stamford, CT. The loan was originated by Dan Sacks of Greystone’s New York office in conjunction with Greystone’s Affordable Lending team.

JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced the closing of its Fund 6 and Premier Fund II equity funds. Combined, the funds raised $109 million.

Greystone, a real estate lending, investment and advisory company, today announced it has provided a $36,400,000 bridge loan for the acquisition of Parkside Place Apartments in Spring, TX. The loan was originated by Donny Rosenberg of Greystone’s New York office for Ilan Investments, led by Charlie Yalamanchili.

Greystone Real Estate Advisors provided advisory services to Triad Senior Living, Inc. in its $34.5 million sale of Country Club of Woodland Hills, a 200-unit independent living and residential care community in Tulsa, Oklahoma. National Health Investors purchased the community from Triad on December 1, 2017 and Discovery Senior Living will take over community operations. Justin Ridnour of Greystone represented and advised Triad in the transaction.