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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 4 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 sold a 10.6% stake in 343 Madison Avenue to AVRS Partners at a $2 billion valuation, and Aviator House opened as Washington, D.C.'s first completed Housing in Downtown conversion.

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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