PEF Advisors Completes Acquisition of Belmont Villas to Preserve Affordable Senior Housing on Long Island
Preservation Equity Fund Advisors (PEF Advisors) has completed the acquisition of Belmont Villas, a 164-unit apartment community in West Babylon, New York. The property sits in Suffolk County on Long Island’s South Shore, roughly one hour from New York City, and is targeted to residents aged 55 and older. Built in 2009 with low-income housing […]NRP Group and Marshall Heights Break Ground on The Waymark One Hundred Nine Unit Transit Oriented Affordable Housing in Ward Seven Washington DC
The NRP Group and Marshall Heights Community Development Organization (MHCDO) have closed financing and broken ground on The Waymark, a 109-unit, transit-oriented affordable housing community in Washington, D.C. Ward 7. Located at 4435 Benning Road NE, the nine‑story building will reserve apartments for households earning up to 30%, 50% and 80% of Area Median Income, […]GID Expands Residential Platform Into Mid Atlantic Markets With Senior Managing Director Duncan Jones
GID, the vertically-integrated real estate owner, operator, developer and investor with $32.1 billion in assets under management, is expanding its national development platform, GID Residential Partners, into the Mid-Atlantic market. The initiative covers Maryland, Washington D.C., Northern Virginia and North Carolina and will be led by industry veteran Duncan Jones, who joins the firm as […]Bascom Group Acquires The Ellison in Summerlin Las Vegas
The Bascom Group has acquired The Ellison, a 294-unit apartment community at 9235 West Russell Road in the Summerlin/Spring Valley submarket of Las Vegas. The purchase price was $103,000,000, or $350,340 per unit. Newmark team members Lee Redmond, Nicholas Schroeder, Vincent Punzi, and Lowell Takahashi arranged debt financing for the acquisition, and AXA Investment Managers […]American Capital Group and Clarion Partners Complete Enso Apartments in Lynnwood
American Capital Group and Clarion Partners have completed Enso Apartments, a 316-unit multifamily community located at 19630 40th Ave W in Lynnwood, Washington. The transit-oriented development sits within a federally designated Qualified Opportunity Zone and is walkable to the Lynnwood Link Light Rail Station, offering direct connections to Downtown Seattle and major employment centers across […]