Multifamily

Normandy reports that it has raised more than $100 million in commitments to date, and capital raising will continue through 2020 for the Opportunity Zone Fund that has a target of $250 million in commitments.

With a recently updated comprehensive plan in place, the 382-plus acres could be builder-ready after master plan and annexation approval for the project.

Housing costs are being driven up by low supply, increased demand, poor wage growth and a lack of proper financing tools.

The San Antonio Lynd portfolio consists of three garden-style multifamily communities: Auburn Creek, Fairways 5 and The Meadows with 645 units located in San Antonio and nearby Universal City, TX.

San Diego has a healthy population of young professionals, and they have an impact on every asset class.

Aztec secures a $43 million loan for Terra's $52 million acquisition of the land near the future American Dream Miami mega-mall.

The property, which was completed in October 2018, was sold by The Hanover Company of Houston for an undisclosed price. The firm's regional office is located at 2 Seaport Lane in Boston.

Fairstead has financed a 905-unit portfolio of subsidized housing in Manhattan and Brooklyn. The nine properties include 49 buildings, which were slated to get converted to market-rate housing before the firm swooped in.