Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson
CAPREIT Closes on $279M Dutch Multifamily Sale
The Canadian REIT’s portfolio acquisition creates Canada’s first Europe-focused multifamily REIT. A second bundle of residential assets valued at $110.6 million will change hands in August.
NC Community Changes Hands for $34M
Carlisle Residential Properties sold the 237-unit asset in Greensboro to Grimley Residential in a transaction arranged by Cushman & Wakefield.
Cushman & Wakefield Sees Co-Living Tipping Point
In a new report, the brokerage finds this niche asset class to be approaching the critical mass needed to attract significant institutional investment.
EJF Capital Backs $95M DC Development
The alternative investment manager has teamed up with Donatelli Development and Blue Skye Development on the 262-unit multifamily community within an Opportunity Zone.
LMC Breaks Ground on Luxury Connecticut Community
The subsidiary of Lennar Corp. has started work on The Smyth, a 414-unit multifamily property that will rise 15 stories in central Stamford. The building is scheduled to welcome its first residents in 2021.
Southwood Realty Buys South Carolina Community for $41M
The 20-building property in the Columbia suburb of Blythewood has been renamed, and the buyer has plans for a value-add program. Cushman & Wakefield represented the seller in the transaction.
Taking Aim at the Co-Living Market
Chris Bledsoe, co-founder of the shared living startup, on why developers are beating a path to his door and how the company’s model could transform the housing sector in the U.S. and beyond.
North Carolina Student Housing Community Lands $19M Loan
Hunt Real Estate Capital provided the 10-year Fannie Mae financing for the 270-bedroom community just outside of Wake Forest University. The borrower completed an expansion of the property earlier this year.
White Eagle Buys Charlotte Community for $32M
The company purchased the 240-unit York Ridge from FCP and High Real Estate Group with plans to reposition and rebrand the asset, in the latest deal for the city’s robust multifamily sector.
FirstService Tapped to Manage Dallas Community
The company was selected by Trammell Crow Residential to oversee the 150-unit Carlisle & Vine, a recently built luxury rental property located in the city’s Uptown neighborhood.