Business Specialties
Sares Regis Snags $39M Seattle-Area Asset
IPA arranged the sale of Monterra in Mill Creek, a 139-unit community located north of downtown Seattle, in Snohomish County.
NXT Capital Refinances GA Property
The company has furnished a $30 million first mortgage loan to refinance a 165-unit community in Atlanta. Amenities include a coffee bar, car care facility and dog park.
Top Predictions for 2018
Top multifamily professionals from around the country shared their predictions for 2018 as they gathered in Orlando for the annual NMHC Apartment Strategies Outlook conference.
Sunroad Enterprises Nabs 320-Unit Vegas Asset
Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years.
DCHFA Provides $11M Loan for Senior Community
The agency has provided financing for the construction of the 65-unit Trinidad property. Neighborhood Development Co., Tennyson Ventures and The Ardent Co. are spearheading the project.
Toto’s Self-Cleaning Toilet
The Japanese company’s Washlet is a fully automated, smart product that includes features such as a deodorizer, a dryer and a heated seat.
The Apartment of Tomorrow
Delivery by drone, robotic car parking systems, high-rise living walls that grow sustainable produce using recycled gray water: Many options are here already and we’ll be seeing more. Walter Hughes of Humphreys & Partners Architects shares the trends shaping how apartments will be built and marketed soon.
DCHFA Closes $11M Deal to Fund DC Affordable Community
The agency issued $11.3 million in bond financing for the preservation of 94 affordable units at Maplewood Apartments in the southeast quadrant of the nation’s capital.
JMG Realty Moves out of VA Luxury Student Housing
JMG Realty sold North 38, a 228-unit, 816-bed luxury student housing community at James Madison University in Harrisonburg, Va.
CBRE Arranges Sale of Affordable Property in Dallas
Dominium Development and Acquisition purchased Rosemont at Timber Creek from Cascade Affordable Housing. Jeff Kunitz, Alex Medeiros, Chris Deuillet and Chandler Sims of CBRE represented the seller in the transaction.