A Chicago-based freelance writer since 1989, Jefftrey Steele has written on real estate for more than three decades. His real estate writing has appeared in the Chicago Tribune, Barron's, Modern Luxury, HouseLogic, Forbes.com and many other publications. He has written for Multi-Housing News since 2009.
Generic Management, CAF Capital Buy Plano Property for $63M
Phillips Realty Capital advised the partnership on its acquisition of the 459-unit EVOKE.
AMCAL Equities Acquires Houston Property
Circuit Apartments was built in 2015 and is located in the city’s East Downtown district.
Supply Shortfall Foreseen in Single-Family Rentals
There will be much greater demand for single-family rental homes than the current pace of production will be able to fill, according to the latest report from RCLCO Real Estate Advisors.
Gardner Capital Completes Chicago-Area Senior Housing
Spring Hill Senior Residences in West Dundee, Ill., will feature 61 apartments for residents 55 years and older.
Mill Creek Breaks Ground on Houston Community
Modera Washington will feature 341 units adjacent to the Old Sixth Ward Historic District.
COVID-19 Downturn Fuels Q2 Falloff in Multifamily Demand
Net absorption plummeted to the lowest second-quarter level in 11 years, according to the latest CBRE Multifamily Figures Report.
Gardner Capital Completes DFW Affordable Community
The three-story Provision at North Valentine will serve families making 30 to 60 percent of the area median income.
Ashcroft Capital Managers Acquires Florida Property for $56M
Cushman & Wakefield represented the seller, Kimball Key LLC, in its disposition of the 416-unit Anthem Clearwater.
COVID-Fueled Weakness to Last Through 2020
The pandemic’s economic hurdles will lead to a hike in multifamily vacancies and declining rents, according to Freddie Mac’s Multifamily Midyear Outlook.
RangeWater Expands Jacksonville-Area Master-Planned Community
The company is building Cadence at Nocatee, the second property within the Nocatee development in Ponte Vedra, Fla.