On December 15, 2021, the principals of Whitney Capital Company, L.L.C. acquired an affiliate of The Richman Groups limited partner interest in Bonner Highlands Apartments (Phase II) a 36-unit garden style affordable apartment property located in Bonner Springs, KS a suburb of Kansas City.
On December 3, 2021, as part of a three-property portfolio, the principals of Whitney Capital Company, L.L.C. acquired Medford Landing Apartments, a 112-unit elevator mid-rise senior affordable apartment community located in Medford, NY. The acquisition was financed with a loan originated by Berkadia Commercial Mortgage LLC and syndicated equity. Whitney Management Corp. will manage the property.
On November 17, 2021, as part of a three-property portfolio, the principals of Whitney Capital Company, L.L.C. acquired Court Plaza Senior Apartments, a 152 unit 7-story mid-rise senior affordable apartment community located in Central Islip, NY. The acquisition was financed with a loan originated by Berkadia Commercial Mortgage LLC and syndicated equity. Whitney Management Corp. will manage the property.
On November 17, 2021, as part of a three-property portfolio, the principals of Whitney Capital Company, L.L.C. acquired John Wesley Village III Apartments, a 92 unit single story garden style senior affordable apartment community located in Riverhead, NY. The acquisition was financed with a loan originated by Berkadia Commercial Mortgage LLC and syndicated equity. Whitney Management Corp. will manage the property.
On October 26, 2021, Whitney Capital Company, L.L.C. procured the sale of tax-exempt bonds, encumbering Countryside North Apartments, from Pinnacle Bank to Busey Bank. In connection with the acquisition of the bonds, Busey Bank also provided Countryside North a construction rehabilitation loan that converts to a permanent upon loan completion of planned property renovations. Countryside North Apartments is a 152-unit family affordable apartment community located in Memphis, TN.
On April 30, 2021, the principals of Whitney Capital Company, L.L.C. acquired the remaining general partnership and limited partnership interests in Glendale at the Mansion, a 140-unit mid-rise elevator senior affordable apartment property located in Independence, MO, a suburb of Kansas City, from its longtime partner.
On April 6, 2021, Whitney Capital Company, L.L.C. refinanced Kingsway Apartments, a 29-unit affordable community in King, NC, with Towne Bank.