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Waterton Sells Raleigh Community for $59M

Mesa West Lends $59M to Dinerstein Affiliate for Raleigh Acquisition

Mesa West Lends $59M to Dinerstein Affiliate for Raleigh Acquisition

An affiliate of The Dinerstein Companies, a Houston-based developer of multifamily and student housing, has secured $59 million in financing to acquire Manor Six Forks, a 298-unit multifamily community in Raleigh, N.C. The affiliate was not named. Mesa West Capital provided the acquisition financing, a five-year, nonrecourse loan that was arranged by Matt Greer and Andrew Wilson out of Newmark (NMRK)’s Austin, Texas-based office. Mesa West’s origination team on the deal was led by Brian Hirsh in Chicago and Russell Frahm in New York.

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