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A net of 28 residents are moving into the metro area every day.
The most favorable rates can be found on upscale finishes and new Class As.
A spokesperson expects a deal to close in April after the loan hit special servicing last month.
The property was bought at a $105 million discount.
CVS, Walgreens, and Big Lots have been closing locations in the city.
The city is expected to be among the top three markets for rent growth this year.
The company is looking to provide construction loans and permanent below-market loans.
The site will also include 100,000 square feet of retail.
It includes two brands, which will offer a mix of residential, hotel, and retail space.
The reasons range from affordability to strong fundamentals in the asset class.