PGIM Trades Tucson-Area Assisted Living Center for $23M

Capital MarketsMultifamilyHospitalityU.S. NationalVirginia

NewPoint Originates $35M Financing for Arlington Hotel-to-Multifamily Conversion

NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia. The bridge loan, which was used to finance the purchase of the extended-stay…

Capital MarketsIndustrial & LogisticsU.S. NationalChicago

Mapletree Breaks Ground on 419K-SF Facility in Joliet

Mapletree Investments has broken ground on a 419,520-square-foot best-in-class industrial facility in Chicago’s Joliet submarket. The property sits on a 29.36-acre site at 1851 Brandon Road with delivery scheduled for 2027. “This groundbreaking brings another high-quality logistics asset to one of the most…

Capital MarketsMultifamilyDebt & FinancingU.S. NationalWashington, DC

PCCP Provides $61M to Refinance 287-Unit DC Apartment Community

PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and…

Capital MarketsIndustrial & LogisticsU.S. NationalSeattle

BKM Capital Partners Acquires Kent Valley Light Industrial Portfolio

BKM Capital Partners has acquired a five-building Metro Seattle industrial portfolio. The assets, located in the market’s premier South King County industrial corridor, were acquired on behalf of BKM Industrial Value Fund III. Totaling 401,000 square feet across approximately 19 acres of infill industrial space,…

Capital MarketsAffordable HousingDebt & FinancingU.S. NationalMichigan

CPC Mortgage Company Secures $42M to Rehabilitate Michigan Housing Property

CPC Mortgage Company, a subsidiary of The Community Preservation Corporation, has structured a $42.1 million loan for the preservation and rehabilitation of Parkside Estates and Demby Terraces, a 315-unit affordable housing community in Inkster, Michigan. Developed by Good Housing Partnership in partnership with…