Citigroup, J.P. Morgan, and Argentic provided the refinancing while Walker & Dunlop arranged the deal.

Tower 16 is entering the Reno market with this deal as well as returning to Nevada.

The developers secured $106 million senior recycled tax-exempt bond funded loans and subsidy loans.

Maverick Real Estate Partners has acquired $247 million in debt backed by eight New York properties.

So far it has contracts on 37 properties for $253 million.

It will invest in value-add real estate assets, mainly in the industrial, multifamily and specialty sectors.

The 79-unit portfolio traded for $41.15 million.

The office-to-residential conversion also features a hotel and several retail offerings.