Marquette Cos. Scores $56M for Chicagoland Deal

HFF facilitated acquisition financing for Willow Creek, a 14-building community in Elk Grove Village, Ill. Calling the property “a diamond in the rough,” Marquette plans extensive upgrades.

Middleburg Launches Lakeside Project in Savannah Suburb

Lake views, a resort-style saltwater pool and electric vehicle charging stations will mark Mosby Lakeside, a 316-unit community scheduled to start leasing in spring 2019.

Executive Editor Paul Rosta

Bucking The Odds

At the National Multifamily Housing Council’s annual conference in Orlando a couple of months ago, I had a chance to talk shop with one of the best in the affordable housing business: Daryl Carter, the founder & CEO of Avanath Capital Management.

Chinese Investor Seals SoCal Deal

Gemdale USA paid $46 million for an asset north of L.A. in the Santa Clarita Valley.

Phoenix Apartments Command $110M

Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.

Tackling the Affordable Housing Crisis

A panel of industry veterans offered a sober assessment and strategies for progress at the Institute of Real Estate Management’s annual summit in Chicago.

DC-Area Senior Project Features Hotel Touches

Thrive Senior Living’s new development in Woodbridge, Va., offers bright, contemporary interiors designed by studioSIX5.

Jersey Asset Commands $147M Refi

New York Life originated a 10-year loan on behalf of Sterling Properties. The asset is located in a northern New Jersey market with high barriers to entry.

Twin Rewards

Multifamily professionals can reap the financial benefits of mastering a complex, endlessly evolving business. At the same time, the business is in a unique position to strengthen the fragile fabric of our communities.

Act Now

The national news has been pretty noisy this winter, so you’ll be relieved to know that this month’s column is guaranteed 100 percent rancor-free. Yet as I was reading the excellent special report on fair housing in this issue by MHN Contributing Editor Amanda Marsh, I couldn’t help noticing that recent events offer surprising and, thank goodness, entirely nonpartisan lessons for the multifamily sector. One of Marsh’s insights is that the direction of federal fair housing policy temporarily remains uncertain as a new administration settles in. Plenty of other matters are at stake during the next couple of years, as…

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