Union House, a $120 million community in San Francisco, is now 30 percent sold and has welcomed its first move-ins.
Greystar Real Estate Partners, a global leader in the investment, development and management of high-quality rental housing properties, announced Album Keller Ranch, a new 55+ active adult community designed to provide residents the best of 55+ carefree living at a great value.
The developer completed the first 332 units of its project part of the $1.4 billion Vital Brooklyn initiative.
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
The 34-story property will offer a mix of market-rate and workforce units on Long Island University’s Fort Greene campus.
The pandemic has shrunk the pool of attractive investment opportunities, yet several key metrics have improved year-over-year.
A CBRE-sponsored fund purchased the 376-unit luxury property. The seller developed the asset using a $35.8 million construction loan from Texas Capital Bank.
By August, developers had delivered 26,300 units in Austin, Dallas and Houston combined, placing the three areas among those with the highest multifamily completions in the country.
