NEWS & NOTABLES
WASHINGTON, DC–Reps. Pat Tiberi (R-OH) and Richard Neal (D-MA) have introduced the Affordable Housing Credit Improvement Act of 2017. The legislation is meant to strengthen the Low Income Housing Tax Credit program, namely by increasing the availability of housing credits for developments serving homeless and extremely low income households.
DEAL TRACKER
BALTIMORE, MD–JLL secured $207.5 million in permanent acquisition financing from Freddie Mac for Morgan Properties' $247 million multifamily acquisition. The portfolio consisted of six value-add properties in the Milford Mill submarket: Crosswinds at Rolling Road, Diamond Ridge, The Glens at Rolling Road, Granite Run, Rolling Wind and Stratton Meadows. JLL's Shawn McDonald and Anthony Hebenstreit led the financing team.
WASHINGTON, DC–JLL also secured $70.75 million in financing for the purchase of The Mark at Brickyard, a 433-unit multifamily and retail building in suburban Washington, DC. JLL worked with Freddie Mac to provide the seven-year, floating-rate loan on behalf of Harbor Group International.
BALTIMORE, MD–The City of Baltimore is seeking development teams to submit requests for proposals for the redevelopment of its Inner Harbor Campus site. It is a 1.2-acre site at 600 E. Lombard St., located one block away from Inner Harbor and the Power Plant Live entertainment complex. The city is open to various uses including residential, mixed use, retail, office, and hotel. Proposals are due on June 2.
NEWS & NOTABLES
WASHINGTON, DC–Reps. Pat Tiberi (R-OH) and Richard Neal (D-MA) have introduced the Affordable Housing Credit Improvement Act of 2017. The legislation is meant to strengthen the Low Income Housing Tax Credit program, namely by increasing the availability of housing credits for developments serving homeless and extremely low income households.
DEAL TRACKER
BALTIMORE, MD–JLL secured $207.5 million in permanent acquisition financing from
WASHINGTON, DC–JLL also secured $70.75 million in financing for the purchase of The Mark at Brickyard, a 433-unit multifamily and retail building in suburban Washington, DC. JLL worked with
BALTIMORE, MD–The City of Baltimore is seeking development teams to submit requests for proposals for the redevelopment of its Inner Harbor Campus site. It is a 1.2-acre site at 600 E. Lombard St., located one block away from Inner Harbor and the Power Plant Live entertainment complex. The city is open to various uses including residential, mixed use, retail, office, and hotel. Proposals are due on June 2.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
