The final close blew past its initial target of $3 billion.

This resulted in improving occupancy and rents.

The Department of City Planning has unveiled a plan to rezone neighborhoods south of Prospect Park.

The deal represents a 75-percent loan-to-cost ratio.

The site is located in the Bronx.

Despite the sale, the Chicago-based firm said it plans to continue investing in the sector.

The portfolio consists of five buildings.

The Arno in River Oaks features 168 units.