TerraCap Management Acquires 337-Unit Apartment Complex in Austin MSA

CEDAR PARK, Texas, Sept. 12, 2022 — TerraCap Management LLC, a privately held investment firm with its headquarters in Naples, Florida, announced today the acquisition of Latitude at Presidio, a 2017-built, 337-unit apartment complex located in the Cedar Park suburb of Austin, TX. Steve Hagenbuckle, TerraCap Founder and Managing Partner, said, “Our team has been evaluating Austin, TX for the right quality […]

Fannie Mae Priced $604 Million Multifamily DUS REMIC (FNA 2022-M13) Under Its GeMS Program

WASHINGTON, Sept. 14, 2022 /PRNewswire/ — Fannie Mae ( OTCQB: FNMA) priced a $604 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 8, 2022. FNA 2022-M13 marks the seventh Fannie Mae GeMS issuance of 2022. “The new issue market was crowded last week following the summer holidays, so we were pleased that investors […]

Madison Communities breaks ground on Madison Watergrass in Suburban Tampa, FL.

CHARLOTTE, N.C., Sept. 9, 2022 — Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 288 units located in Wesley Chapel in Suburban Tampa, FL. Located in the Crossroads area, the community will be called Madison Watergrass and construction will begin in September. Madison Watergrass will feature 288 units incorporated into 8 buildings (4 & 2 […]

Experience Senior Living executive receives industry award, joins elite echelon of senior housing leaders

DENVER, Sept. 12, 2022 /PRNewswire/ — Experience Senior Living (ESL), a full-service, vertically integrated developer-owner-operator of active adult, independent living, assisted living and memory care communities, is excited to announce Senior Vice President of Real Estate Development Hunter MacLeod has been recognized as a senior housing future leader by Aging Media Network as part of their annual Future Leaders Award […]