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