Business Specialties
Bascom Expands CA Footprint With $17M Buy
Casanova Grove is a 76-unit community located in Monterey.
How Mission Lenders Fueled Motor City’s Comeback
After the housing crash, Detroit’s revival was powered by mission lenders. Nearly 42 percent of investment in Detroit real estate was possible with financing from such alternative financing organizations. Urban Institute’s Brett Theodos filled MHN in on mission lending and its opportunities for expansion.
JV Secures $130M Senior Loan for Minneapolis Condos
Provident Real Estate Ventures and Shamrock Properties Inc. will develop The Legacy, a 374‐unit property that will include an eight‐story podium with a 14‐story and a 17‐story tower, along with three levels of subterranean parking.
Boston Affordable Housing Gets $14M Renovation
LIHC Investment Group and Weston Associates received financing that will keep the 380-unit Shore Plaza Apartments affordable for the next 20 years.
Mallory & Evans Brings Student Housing to SC, AL
The company is adding Bellamy Coastal and Bellamy Florence to its luxury student housing brand. Totaling $56 million, the two communities are scheduled for completion by fall 2018.
FL Mixed-Use Community Adds Multifamily Component
Edera at Coconut Point will be the only residential rental property within the 500-acre, master-planned, mixed-use development.
SunCap Property Breaks Ground on NC High-End Community
The four-story, 47-unit community will offer two-and three-bedroom apartments with rental rates estimated to start at $3,400 per month. The property marks SunCap’s first multifamily development in Charlotte.
IRET Buys in Hot Twin Cities Market
The company acquired the 500-unit Park Place in Plymouth, Minn., for $92.3 million. The community consists of four apartment buildings and is currently more than 95 percent occupied.
Catering to All Ages With the Right Amenities
Today’s renters are looking to enhance their renting experience by finding communities that are the right fit. Brent Kohere of Morgan Properties describes the amenities that appeal to residents of different generations.
The Evolution of Lead Generation
Ways to capture the attention of prospective renters and the evolution of generating leads continue to change. Beth Tuttle of LMC offers some ideas on the current state of lead generation in the multifamily industry.