Berkadia provided a 10-year, $17.3 million Freddie Mac loan for the 270-unit acquisition.
The funds will go towards two opportunity zone developments totaling 556 units of affordable and workforce housing.
Sherman Residential announced its acquisition of Axis Kessler Park Apartments, a 2017-constructed Class A+ multifamily community located in West Dallas, Texas.
Top 5 NYC Multifamily Sales in December 2020
Move-ins to the Art Deco-inspired tower developed by Charney Cos. and Tavros Holdings began last summer and leasing has accelerated in recent months.
While rents contracted through spring, the metro’s employment composition could provide a valuable silver lining in the long term.
Pathfinder Partners Co-Founder Mitch Siegler shares some of the most notable changes he notices in the multifamily market today.
Lyra will feature 544 apartments and 10,000 square feet of retail in the Mott Haven neighborhood.
