IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here—Twitter: @IvyLeeRosario and LinkedIn: https://www.linkedin.com/in/ivyleerosario/
IPA to Market $21M CA Community
The firm will handle the sale of Villa Capri in Escondido, which includes 98 units and is currently 98 percent occupied.
NJ Industrial Site to Transform into Mixed-Use Community
Atlantic Realty’s Ewing Town Center, located at the former General Motors facility in Ewing Township, will comprise 1,182 units and 110,000 square feet of retail and office space.
JV Acquires 208-Unit TX Community
JLL Capital Markets arranged the acquisition financing on behalf of Internacional and Dome Equities, which purchased Sunrise Canyon Apartment Homes in Universal City.
TD Bank Closes $18M Loan for Bronx Affordable Housing
Working on behalf of developers MHANY Management Inc. and We Stay/Nos Quedamos Inc., the loan will go towards the second phase of Phoenix Estates, a 180-unit building in Hunts Point.
Greystone Development Begins Leasing Brooklyn Community
No. 223, located in Park Slope, was designed by Daniel Goldner Architects. The community includes 63 units and a virtual doorman, a chef’s kitchen and a landscaped roof deck.
IPA Arranges $21M Sale of CT Community
Westwood Apartments is the largest market-rate asset in West Hartford, comprising 200 units and offering residents access to a fitness center, a clubhouse and a swimming pool.
WNC Closes $150M LIHTC Fund
WNC Institutional Tax Credit Fund 45 LP will be used to develop and renovate 26 affordable housing communities in 12 states.
Apartment Market Has Bright Future at 2018’s Midpoint
While the market has softened slightly, there is still ample reason to believe the industry will continue to experience healthy operating fundamentals throughout the rest of 2018 and beyond. Here are four reasons why.
Latch Raises $70M Series B Fund
Brookfield Ventures will be leading the fund and installing the brand’s smart access system throughout properties within its current pipeline, creating the world’s largest smart access ecosystem within a single portfolio.
Priderock Acquires $154M AZ Portfolio
IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa.