Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton
What’s on Residents’ Wish Lists?
Everything from an indoor heated pool to a dry cleaning service topped residents’ wish lists this holiday season, in this month’s survey from MHN and Kingsley Associates.
Hudson Capital Properties Pays $55M for NC Community
Located in Cary, N.C., the 302-unit property will undergo extensive capital improvements across all units. The seller was White Oak Partners.
Waypoint Residential Acquires 512-Unit FL Portfolio
The two communities, Riverside Apartments in metro Tampa and Harbor Cove Apartments in Gainesville, are both located within close proximity to major universities.
Nashville-Area Community Opens Doors
The 328-unit Mosby Cool Springs has opened in Franklin, Tenn. Developer Middleburg Real Estate Partners secured $40 million in financing last year.
LA Community Gets $41M Loan
Panoptic Development’s 154-unit community is located in the Canoga Park section of the San Fernando Valley. NorthMarq Capital arranged the construction financing for the property.
DC-Area Community Gets $78M Refi Loan
PGIM Real Estate provided the 35-year, fixed-rate FHA loan to Bonaventure Realty Group for The Encore Apartments in Alexandria, Va.
NY Nursing Facilities Get $100M in Financing
Greystone provided the refinancing loans for two skilled nursing facilities in the Bronx and Buffalo, N.Y. The borrower was Centers Health Care.
NJ Community Earns 1st WELL Gold Certification
Clarus Maplewood is just the 13th property in the world to receive the designation from the International WELL Building Institute.
JV Pays $600M for Southeast Assets
Carroll Organization and PGIM Real Estate acquired more than 4,000 apartment units across three portfolios. The deal marks the fifth joint venture between the two companies since last December.
The Tech-Multifamily Connection
How the sector is spurring development and investment opportunities far beyond Silicon Valley, and where it could strike next.