Caption: Balsa, a 222-unit office-to-multifamily conversion developed by Willow Bridge in Washington D.C. DALLAS, April 17, 2024 (GLOBE NEWSWIRE) — Willow Bridge (formerly known as Lincoln Property Company) has been named the 4th Largest Apartment Manager according to the 2024 NMHC Top 50 list released earlier this month. Willow Bridge has ranked on the NMHC
JACKSONVILLE, FL – Multifamily real estate investment firm, Southeast Property Group, has acquired a two-property, 328-unit apartment portfolio in Jacksonville, Florida. Due to the distressed nature of the properties, Colonial Forest and Northwood Apartments will be re-branded to The Belmont and Avenue at 1601, respectively. The Florida based investment firm has already begun a $9.7 million renovation program that includes
Commercial real estate firm CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent community in Peoria. Bella Olivia will be located at 9625 W. Olive Ave. in the southwest part of the city. The property is currently under construction and will open this summer, according to a news release. Bruce
Walker & Dunlop Investment Partners has closed its first evergreen debt fund to focus on multifamily bridge financing. The fund has $157.5M in equity commitments that will support between $450M and $600M in lending and originate senior secured bridge mortgage loans that range from $10M to $100M and have a max stabilized loan-to-value of 75%, a press
New York City’s latest affordable housing initiative looks to combine government sources along with private finance in order to build the mixed-income multifamily rental units it’s looking to create. The program will provide subsidies from the city to projects ranging from extremely-low income and homeless set-aside units, to moderate-income and even market rate units to