PROFILE: Conix Inc.
In its search for distressed properties, Conix Inc. may have a special tool that may not be at the disposal of many other market players.
PROFILE: Wharton Equity Partners
Peter Lewis, chairman, president and founder of Wharton Equity Partners, has seen several real estate cycles. So does he have any predictions for the current one?
APARTMENT MARKET STATISTICS: August 2012
Median condo/coop sales price increased to the highest reported price level ($175,000) in two years, according to data reported in the August 2012 Apartment Market Statistics section.
FHLB Financing: An Affordable Housing Secret Weapon
FHLBanks deploy capital directly from their earnings, not taxpayers, and are one of the largest collective sources of home mortgage and community credit in the country.
APARTMENT MARKET STATISTICS: July 2012
Data from the July 2012 Apartment Market Statistics section shows total returns fell for apartments, but permits are up‑and above the 200,000-unit level for the fifth straight month.
PROFILE: Pennrose
Under its repositioning, Pennrose has embarked on a strategy to expand its business by launching into the market-rate apartment development and property management businesses.
TODAY’S DEALS: Ariel Property Advisors Sells Nine-Building Multifamily Portfolio For $33.25M
Ariel Property advisors sells a nine-building multifamily portfolio for $33.25 million; and NorthMarq Capital arranges $27.7 million through a life insurance company.
TODAY’S DEALS: Caruso Begins $32M Mixed-Use Asset in L.A.
Caruso begins a luxury asset in L.A.; Meridian Capital Group negotiates financing for multifamily properties in Manhattan and Brooklyn; and Virtú Investments buys a $12 million community near UC Davis.
ULI Spring 2012 Meeting: Transit Corridor Property Tour
MHN attended a property tour entitled “Connecting the City of Charlotte: Exploring the Award Winning Transit Corridor” during the Urban Land Institute’s Spring Meeting held in Charlotte, N.C. Here are some photos taken during the tour.
APARTMENT MARKET STATISTICS: June 2012
Multi-Housing News’ June 2012 Apartment Market Statistics section shows that permits continue to exceed 200,000 units for the fourth consecutive month, and condos and coop sales are higher than in 2011.