NEWS & REPORTS

Commercial Real Estate Finance News

Special report: Why Valley build-to-rent hybrid homes are capturing the eye of lenders

Renters, homebuilders and investors are in love with the build-to-rent concept, where detached single-family rental homes are built within highly amenitized communities. More lenders are catching on and beginning to offer better deals. Here's…

Tower Capital Completes Four Multifamily Financings Totaling $21 Million in Arizona

Tower Capital arranged more than $21.3 million in combined acquisition financing for four multifamily properties in Arizona. The transactions involve the Portofino in Phoenix, the Hayden Apartments in Scottsdale, the Filmore Apartments in Phoenix…

Table of Experts: Commercial Real Estate

Table of Experts: Commercial Real Estate Read source article

Multifamily Influencers

The multifamily sector could not be having an easier and more fruitful 2021. Rents are climbing, investment sales are proliferating and occupancies are strong. Navigating such an environment, one might think, is an easy prospect and to be sure…

Sacramento Hotel Purchased for $16MM as Part of Hotel-to-Multifamily Conversion

(EDITOR’S NOTE: According to public records, the asset was sold in August of 2021 for $16 million, or about $121,212 per room. The seller was Manas Hospitality, LLC, which is affiliated with San Diego-based Kalthia Group Hotels. The buyer,…

Phoenix Growth Fuels Multifamily Demand for Five Assets

Combined financing of $24.2 million was recently obtained for five multifamily properties, a hotel and a retail property in Arizona. The transactions involve the 44 May multifamily property in Mesa, the Royal Meridian multifamily in Apache…

Holiday Inn Express Finds New Life as Multifamily

Tower Capital recently arranged a $23.2 million acquisition and renovation loan for a 132-key Holiday Inn Express hotel in Sacramento that will be repurposed into a 129-unit class-B multifamily community. The four-story project was originally…

Tower Capital Completes Six Financings Totaling $24 Million in Metro Phoenix

Tower Capital arranged $24.2 million in combined financing for five multifamily properties, a hotel, and a retail property in Arizona. The transactions involve the Sunset Ridge apartments in Phoenix, Gran Jardin multifamily property in Phoenix,…

NexMetro sells another Valley build-to-rent community as property values soar

The wildly popular build-to-rent sector continues to surge in metro Phoenix, as one of the first companies to get into this space has sold another property — and bringing in more than double the value of its first property sale in 2018. Read…
20 PEOPLE TO KNOW

20 PEOPLE TO KNOW

Those new to the Valley of the Sun or those already doing business in residential real estate construction or home sales looking for a quick tutorial on some of the top movers and shakers in the region can get good primer with this well-known group of industry professionals.
Tower-Quality-Inn-Phoenix-Airport-hotel

Tower Capital Arranges $21 Million Acquisition and Renovation Loans for Pair of Phoenix Hotels Set for Multifamily Conversions

The first transaction is a $12-million acquisition and rehab loan for a four story, 158-key, interior corridor Best Western hotel in Tempe that will be repurposed into a 113-unit, Class B multifamily community. The second transaction is a $9.3-million acquisition and rehab loan for a four-story, 188-key, mid-scale, select-service Quality Inn Phoenix Airport hotel that will be repurposed into a 97-unit, Class B multifamily community.
Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live.

Build-to-rent single-family housing communities are here to stay

Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live.

Tower Capital arranged $24.845 mil in financing for a 224-unit, low-rise, two-story apartment community located in the Phoenix I-17 Employment Corridor.

PHOENIX, February 22, 2021 – Tower Capital arranged a programmatic joint venture with an institutional private equity firm, which resulted in $50 million in financing for three separate single family rental developments.
Townhome Rendering Surprise, AZ

Tower Capital Advises on $50M in Financing for Three Single-Family Build-To-Rent Townhome Developments

PHOENIX, February 22, 2021 – Tower Capital arranged a programmatic joint venture with an institutional private equity firm, which resulted in $50 million in financing for three separate single family rental developments.

Tower Capital Arranges $24.8M Acquisition Loan for Apartment Community in Phoenix

PHOENIX — Tower Capital has arranged $24.8 million in acquisition financing for a two-story multifamily property located in the Phoenix I-17 Employment Corridor.
Multifamily Acquisition Financing Scottsdale, AZ $2,300,000 13 Units

Tower Capital Arranges Financing for Trio of Phoenix Metro Multifamily Properties

Tower Capital arranged nearly $6.5 million in financing for three multifamily properties in Phoenix Metro. The communities include Casa Monte Vista in South Phoenix, Capri in Scottsdale, and Palmetto Cottages in Phoenix.

Construction ramping up for hybrid build-to-rent communities across metro Phoenix

Thousands of build-to-rent single-family homes are under construction in the Valley as the popularity of them continues to grow among renters, builders and investors.

Single-Family Build-to-Rent Product Picks Up Steam

The growth of the single-family build-to-rent product will continue in 2021 and beyond, especially due to shifts in living trends exacerbated by COVID-19. One Phoenix project reflects the robust demand for this product type.

Tower Capital arranges $14.2M in construction financing for 19 North

Tower Capital arranged $14,225,000 in non-recourse construction financing for 19 North, a build-to-rent Townhome community in Phoenix.

Adam Finkel – 10 young business leaders to watch in 2021

Here are 10 young business leaders to watch in 2021