EXCERPT: “Developer Real Estate Equities, which is based in metro St. Paul, Minn., has obtained a $16.1 million HUD 221(d)(4) loan for the construction of Eastgate Apartments in Rochester, Minn. The property is a 135-unit affordable housing development. Eastgate Apartments will open in the summer of 2019 with its units restricted to residents earning 60 percent or less of the area median income.” FULLSTORY: http://bit.ly/2JdG7UX