TODAY’S DEALS: HFF Closes Sale of 14-Property Senior Housing Portfolio
Holliday Fenoglio Fowler LP closed the sale of a multi-state senior housing portfolio totaling 1,038 units; and Marcus & Millichap brokered the sale of a property built in 1973.
APARTMENT MARKET STATISTICS: May 2015
According to forecasts by Marcus & Millichap, 210,000 units will be completed in 2015 in major metropolitan areas, with average effective rents of $1,219 and average vacancy rates of 4.8 percent.
Fannie Mae’s Property Guidelines Adjustment
Fannie Mae has made two extensive revisions to the Property Condition Assessment guidelines.
Multifamily Owners Consider Plusses and Minuses of Single-Family Rentals
At the recent National Multifamily Housing Council (NMHC) Spring Board Meeting, the multifamily audience listened to a discussion of the pros and cons of singlefamily rental ownership and operation.
New York City’s Housing Plan Outpaces Goals
New York City Mayor Bill de Blasio’s housing plan to create 200,000 units of affordable housing in 10 years is exceeding targets.
Donaldson: NorthMarq Acquisition of AmeriSphere Enhances Operations
NorthMarq Capital’s absorption of AmeriSphere brings the two organizations together as one streamlined execution, says Jayson Donaldson, president of NorthMarq Capital Finance.
Crowd-Investing Platform Gives Investors Ability to Sell their Private Placement Interests
One of the growing numbers of crowd investing platforms has launched a capability aimed at providing real estate investors with greater liquidity.
TODAY’S DEALS: Canadian REIT Grabs Luxury San Antonio Apartments
Pure Multi-Family REIT finds opportunity in San Antonio; and Walker & Dunlop originates a $26.6 million acquisition loan in Colorado.
APARTMENT MARKET STATISTICS: April 2015
Total apartment returns tracked by the National Council of Real Estate Investment Fiduciaries increased to 2.77 percent in the fourth quarter of 2014.
APARTMENT MARKET STATISTICS: March 2015
Multifamily housing starts (five-plus units) rose by 7.6 percent over the month of November 2014 to 340,000 units, according to the National Association of Home Builders.