Cider Mill Apartments – Tankless Water System Conversion

Right At Home

As published in Amgas.com

By Carolyn Kimmel

With new single- and multifamily homes on the upswing, natural gas utilities are leading the way toward innovative solutions to further the housing market’s recovery.

There’s nothing like a healthy dose of optimism to start off the New Year, and finally—after several years of wondering just how long a shadow the 2007–2009 recession would actually cast—there’s good news in the residential housing market.

Multifamily housing starts have essentially recovered to levels approaching normal, and single-family housing starts, while still only about half of what they were in early 2000s before the housing boom, are increasing yearly.Continue Reading »

TDG Executive to Speak at Marcus & Millichap / IPA Multifamily Forum

As published in Mmdcforum.com

Marcus & Millichap / IPA Multifamily Forum DC | March 24, 2016 – Georgetown University Hotel & Conference Center

The Marcus & Millichap / IPA Multifamily Forums across the U.S. bring together over 5,000 multifamily owners, investors, managers and developers to create an in-person marketplace for learning, discover, networking and deal making. The sessions address the major issues affecting the apartment and condo industries today, and the networking allows multi-housing principals to meet, talk and source deals and investment capital.

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Two Donaldson Group Transactions Make List of 25 Biggest Deals

Month Of Deals. Here Are The 25 Biggest.

2015 is just about over, meaning firms have been racing to get deals done and on the books. Here’s a list of every significant commercial real estate transaction we could find—25 in all since mid-November—including some prices and buyers/sellers that haven’t been previously reported anywhere.

DC Had An Epic Final Month Of Deals. Here Are The 25 Biggest.

 

 

 

 

 

 

 

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Dweck Buys Woodbridge Apartment in 1031 Deal

As published in GlobeSt.com

WOODBRIDGE, VA—Rolling Brook Village, a 732-unit apartment building in Woodbridge, VA is  Ralph Dweck’s latest acquisition in the area. The property traded for $138.5 million or $189,208 per unit, according to public records. The cap rate, a source says, was 5.2% based on 2014’s numbers. GlobeSt.com has also learned the deal was part of a 1031 exchange.

The sellers were The Donaldson Group of Rockville, MD and its equity partner, New York-based Angelo, Gordon & Co. They acquired the property in 2013 for $107.5 million, with plans to invest $5 million in upgrades and renovations. Today it is close to 94% occupied.Continue Reading »

Prospectus Details Dweck’s $88M Mortgage Loan on Rolling Brook Village in Woodbridge

As published in JayRickey.com

Wells Fargo has filed a prospectus related to the collateral and structure of its Wells Fargo Commercial Mortgage Trust 2015-P2 transaction, which includes information on the $88 million mortgage loan for Rolling Brook Village, the garden-style multifamily property in Woodbridge, VA.

Originated on November 17, 2015 by Ladder Capital Finance I LLC, the Rolling Brook Village Mortgage Loan had an original principal balance of $88 million and accrues interest at a rate of 5.247% per annum. The Rolling Brook Village Mortgage Loan has an initial term of 60 months and requires interest-only payments through its term. The Rolling Brook Village Mortgage Loan matures on December 6, 2020.Continue Reading »