Business Specialties
RK Properties Buys North Carolina Apartments
The purchase of Bainbridge Lake Crabtree in Morrisville represents the company’s second acquisition in the metro over the past two months.
WashREIT Wraps Up $461M Portfolio Buy
The REIT has closed on the $82 million purchase of two communities in the suburbs of Washington, D.C., totaling 428 units. The deal is the second tranche of a larger seven-property transaction.
UK Firm, Oxford University Partner in $5B Plan
A London-based financial services company and the university are teaming up to build homes for staff and students in and around Oxford.
Oakland Community Trades in All-Cash Sale
NAI Northern California represented the seller and secured the buyer in the 1031 transaction of the 44-unit Vermont Apartments located near Interstate 580.
10 Game-Changing Innovations in Multifamily
At the National Apartment Association’s Apartmentalize conference in Denver, a group of panelists agreed that new technological innovations—from autonomous vehicles to cryptocurrencies—will continue to transform the industry.
NAREE Report: Apartments Needed to Meet Demand
With Gen Z looming behind the huge Millennial population, millions more apartments are needed over the next decade to meet a growing need.
Atlanta Affordable Project Breaks Ground
Atlanta Neighborhood Development Partnership and Laurel Street Residential began construction on Creekside at Adamsville Place, which is part of the city’s recently launched housing affordability action plan.
Affordable Boston-Area Community Receives $82M Loan
MassHousing provided the financing to the Cambridge Housing Authority, which plans to renovate Millers River Apartments in Cambridge.
CBRE Arranges Sale, Financing of Affordable Virginia Asset
Governor’s Pointe in Chesapeake traded for $7.3 million. Jeff Kunitz and Peyton Cox acted on behalf of the seller, while Jim Flinn arranged a Fannie Mae loan for the buyer.
Resource Real Estate Purchases Virginia Community
Located in Alexandria, The Summit sits close to some of the area’s largest employers and the upcoming AmazonHQ2 in Crystal City.