Morgan Properties Buys TN Apartments for $27M
Berkadia provided the buyer of the 212-unit, Class B community in Nashville with more than $23 million in Freddie Mac acquisition financing.
Screening With Tech: What You Need to Know
Yardi’s Patrick Hennessey and Equifax’s Tyler Sawyer reveal the subtleties of using cutting-edge tools and data to identify the right renters. The two also address the implications of real-time decision-making in the business.
Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
Affordable Nashville Community Trades for $9M
Hallmark Co. purchased the 112-unit multifamily asset in the metro’s Fairview submarket using more than $7 million in Fannie Mae financing from CBRE.
MLA Properties Buys Charlotte-Area Apartments
The company’s first investment in the metro includes 260 recently completed Class A units situated 15 miles southwest of the city center.
Blackstone Buys New Raleigh Apartments for $41M
Davis Development broke ground in 2017 on the 202-unit community and delivered it earlier this year, with the help of $38 million in construction financing.
Rincon Partners Enters Charlotte Market
Greystone provided a $13 million Fannie Mae loan for the acquisition of a 144-unit property that changed hands for more than $19 million.
Pacific Equities Sells Nashville Apartments
The acquisition of the 160-unit community marks the buyer’s fifth purchase in the metro since 2015. Berkadia provided the new owner with more than $11 million in Fannie Mae financing.
Bridge Investment Group Opens SoCal Community
The owner broke ground on the 346-unit Class A multifamily asset in early 2017, with East West Bank providing construction financing.
Wolff Sells Central Coast Apartments for $30M
CBRE originated a $21 million financing package through Fannie Mae to fund the acquisition of the 96-unit Class B community.