Business Specialties
Using IoT as an Amenity
Technology is the new differentiator between multifamily properties and competitors. Felicite Moorman, CEO of STRATIS, explains how the Internet of Things offers both convenience and cost savings.
Dougherty Mortgage Closes $32M Loan for MN Community
The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.
Berkadia Closes Leasehold Sale of OC Community
Bridge Investment Group sold Coronado Palms, a 168-unit garden-style community in Anaheim, Calif., to Canyon Multifamily Impact Fund.
125 Greenwich Hits the Market
Rafael Viñoly and March & White are delivering the design plans for Bizzi & Partners Development’s upcoming 88-story luxury condominium skyscraper in Manhattan.
On the Market: 5 Interesting Listings for the Week of 9/25
This week’s listings include under-development condos in Olive Branch, Miss., and a brand-new, amenity-rich community in the Boston suburb of Allston, Mass.
Transwestern’s Houston Group Completes Sale of Pindo Pointe
Winslow Asset Management purchased the 164-unit community, which is located in Beaumonth, Texas.
EdR Opens Texas Student Housing
The 490-bed student housing community is situated in the eastern edge of the Dallas-Fort Worth Metroplex. The approximately 137,000-square-foot project will be home to the first-year college students.
Senior Housing M&As Outlook Strong: Capital One
According to the latest survey of more than 150 industry professionals, 43 percent anticipate an increase in activity heading into the fourth quarter of 2017.
Despite Irma’s Wrath, $67M FL Apartment Deal Closes
Amberton Properties has sold Amberton Luxury Townhomes in Naples. One of the largest multifamily deals in Southwest Florida in the past year, the 28.7-acre property includes a 306-unit community.
Investcorp Procures $350M Portfolio
Consistent with the company’s strategy of investing in the South and Southwest, the six properties are located in Phoenix, Orlando and Jacksonville, Fla., and offer a combined 2,800 units.