MHN Asks … About Sustainability
Experts share insights into the strategies behind the latest green features at their communities.
Bascom Group Buys Upscale Asset in Booming Frisco
JPI developed and sold Jefferson Stonebriar, a 424-unit community in the Dallas suburb. Frisco’s economic prosperity and rapidly growing population attracted the new owner.
Metro Omaha Development Lands HUD Financing
Graham Development’s 544-unit project in Papillion, Neb., is part of a planned community featuring a minor-league ballpark and a future 60-acre entertainment district. MidHudson LLC secured the federal funding.
Walker & Dunlop Arranges $40M for Hotel-to-Multifamily Makeover
The firm structured equity and debt financing for The Mark, a 227-unit community in Alexandria, Va. Northpoint Realty Partners and Persimmon Capital Partners are the project sponsors.
Design Directions
Getting a handle on the diversity of multifamily design is a tall order these days. You could easily attend three days of intensive seminars, or as an alternative, you could start by looking at just two projects.
Walker & Dunlop Secures $82M for 2 in Metro Dallas
Madera Residential, owner of the assets in Garland, Texas, will reposition the 35-year-old properties. A major selling point for prospective residents: proximity to Bayside, a $1 billion master-planned, resort-style development.
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.
Economy Watch: Demographics Favor Apartment Fundamentals
Trends that bode well for multifamily—a rising birth rate, a boom in college enrollment by foreign students, and the expanding Millennial generation—highlight recent findings by Pew Research Center.
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.