Greystar Sells Twin Cities Community for $53M
Greystar has sold Elan West End, a 164-unit community in St. Louis Park, Minn., a Twin Cities suburb, for $53.4 million.
Source: multihousingnews.com
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Twin Cities Community Sells for $75M
Dakota Pacific Real Estate and Landmark Cos. have sold Millennium Edina, a 227-unit multifamily community Edina, Minn., for $74.7 million.
Source: multihousingnews.com
JLL Capital Markets Group Secures $18.239 Million in Financing for 358-Unit Cambridge Estates Affordable Housing Community
DENVER, CO - JLL Capital Markets announced today that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41% of the units are covered by a long-term Project-Based Section 8 Housing Assistance Payments (HAP) contract. JLL represented the borrower, Brikwell, to secure the fixed-rate loan through Freddie Mac Multifamily. JLL and Freddie Mac were able to craft a structure that...
Source: multifamilybiz.com
Brikwell Secures $18M for Indianapolis-Area Affordable Community
Brikwell secured $18.2 million in acquisition financing for an affordable community in Lafayette, Ind. JLL arranged the Freddie Mac loan.
Source: multihousingnews.com
Minnesota multi-housing community sells for $73.75M
JLL Capital Markets closed the $73.75M sale of and arranged the $47.93M financing for Rush Creek Apartments, a multi-housing community in Maple Grove.
Source: jll.com