Archive for ‘October, 2010’

Web Feature: Where and Why Are Prospects Looking for Apartments?

Web Feature: Where and Why Are Prospects Looking for Apartments?

New York–A big factor in the success of a multifamily management or owning company is figuring out the answer to a basic question: where and why prospects are shopping for apartments.

DEAL OF THE DAY: NorthMarq Arranges $95.81M Tax-Exempt Bond Securitization for Multifamily Portfolio

DEAL OF THE DAY: NorthMarq Arranges $95.81M Tax-Exempt Bond Securitization for Multifamily Portfolio

Omaha, Neb.–John Reed, vice president of NorthMarq Capital’s Omaha Regional office, arranged a $95.81 million Freddie Mac tax-exempt bond securitization for a national bond portfolio owned by America First Tax Exempt Investors L.P.

Seniors Housing Occupancy Rates and Other Indicators Hold Steady in Third Quarter

Seniors Housing Occupancy Rates and Other Indicators Hold Steady in Third Quarter

Annapolis, Md.–According to the National Investment Center for the Seniors Housing & Care Industry’s third quarter NIC MAP, the occupancy rate, as well as rent growth and new construction activity, did not diverge much from second quarter figures, but that may very well mean that the sector has hit bottom.

Lottery Begins for Affordable-Income Apartments at $220M Project in the Bronx

Lottery Begins for Affordable-Income Apartments at $220M Project in the Bronx

New York, N.Y.–Joy Construction Corp. has just kicked off the first lottery for St. Ann’s Terrace in the Bronx, making available 380 of the 641 residences.

Development of Santa Clara U. Student Housing Under Way

Development of Santa Clara U. Student Housing Under Way

Irvine, Calif.–Ground has been broken for new student housing property at Santa Clara University (SCU) in the Silicon Valley.

ARA Report Finds Increasing Rents, Occupancies for Apartments

ARA Report Finds Increasing Rents, Occupancies for Apartments

Atlanta–Anecdotal evidence suggests that most apartment markets are gathering steam, contrary to other kind of income-producing real estate, and now data is being published to support that notion.

DEAL OF THE DAY: Harbor Group Returns to Orlando, Fla. Market with $7.45M Purchase from AIMCO

DEAL OF THE DAY: Harbor Group Returns to Orlando, Fla. Market with $7.45M Purchase from AIMCO

Orlando, Fla–Harbor Group International L.L.C. (HGI) says that its affiliate has acquired the 164-unit Village Green Apartments for $7.45 million. The property is located in the Altamonte Springs submarket of Orlando, Fla., and is purchased from an affiliate of AIMCO.

RentGrow Ad Oct28

RentGrow Ad Oct28

‘Foong on Finance’: A Wave of Distressed Properties

‘Foong on Finance’: A Wave of Distressed Properties

Special servicers are so inundated with defaulted loans that often they can barely return borrowers’ calls. But if you think there are a lot of loans defaulting currently, this is not even the peak year of CMBS loan maturities.

MARKET SNAPSHOT: Washington, D.C. Metro Gears Up for Development

MARKET SNAPSHOT: Washington, D.C. Metro Gears Up for Development

Washington, D.C.–Multifamily developers in the D.C. metro area are starting to plan new developments and are ramping up to break ground on new projects.

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