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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Merchants Capital secures $30.7M Freddie Mac forward loan for Indianapolis LIHTC project

The 227-unit Central at Old Southside, developed by The Annex Group, is scheduled to start construction in 2026 and finish in 2028.

The Wrap

BridgeCity closes $83.5M loan for Midtown East office conversion

BXP closed a 10.6% stake sale in 343 Madison Avenue at a $2 billion valuation; Aviator House opened as Washington, D.C.'s first completed Housing in Downtown conversion.

Deals

TruAmerica Multifamily acquires 446-unit Dunwoody apartment complex

The wider Perimeter Center submarket has 321 units scheduled for 2027 delivery, the release cited by The Real Deal says.

Sectors

NYC multifamily dollar volume falls 23.3% in Q3 as large deals halve

Nine-month sales still rose 7.9% to $6.99 billion across 1,044 transactions, and buildings with at least 75% free-market units took 63.1% of third-quarter dollar volume.

Real estate debt

PCCP lends $41M to refinance Foulger-Pratt's San Diego apartments

The senior loan replaces construction debt on Tenney North Park, a 125-unit building completed in 2025.

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