Rainbow to Provide Services for Phoenix Affordable Community
The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.
PPD Holdings to Get $111M in Construction, Refinancing Loans
The company received $47 million in refinancing loans for two communities in Greater Atlanta. PPD is waiting for a final approval on two more credit facilities, totaling $64 million, for the construction of 464 multifamily units in Florida.
Michigan Avenue Tower MILA Gets $150M Refi
The 402-unit Chicago high-rise was developed by a joint ventured led by John Buck Co. The floating rate loan will be used to fund the original construction financing.

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When Training On-Site Teams, Stories Deliver, Statistics Don’t

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There’s Still Time! Enter the 2017 MHN Excellence Awards

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Finance & Investment
JOLTS Survey Indicates Trouble in Job Market

Regions

Slideshows

RADCO Picks Up 7th SC Asset for $23M
RADCO plans to invest $3 million to renovate Radius at West Ashley, a 198-unit Charleston asset previously owned by Raia Properties.
Leasing Starts at Murray Hill Marquis Luxury Apartments
The former boutique hotel is being converted into 260 modern no-fee studio and one-bedroom apartments, with rents ranging from $2,575 to $3,450 per month.
Merging the 5 Senses with Tech in Senior Living Communities
Senior living communities are increasingly benefiting from technology, with architects relying on and incorporating tech in many aspects of residents’ lives. Dean Maddalena, president of Texas-based studioSIX5, emphasized the undeniable advantages of providing senior living properties with the latest devices and science discoveries.

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Operations
Amazon Introduces Multifamily Package Lockers

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High Street Residential Opens Foundry Lake Street
Freddie Mac Revises 2017 Outlook
EdR Opens 304-Bed Texas Community

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Top Financiers on What Keeps Them Up at Night

Affordable Housing

Balfour Beatty to Develop Student Housing Project in Texas

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Boutique Project Hits SoMa

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Ensemble Breaks Ground on Downtown Long Beach Community

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