Business Specialties
JLL Arranges $88M for Long Island Properties
The company secured the loan for a 700-unit community in Moriches, N.Y., and a 200-unit community in Medford, N.Y.
MedEquities Buys CT Skilled Nursing Facility from Prospect Medical
Prospect ECHN Eldercare Services Inc. leased the 65,000-square-foot property in Tolland, Conn., which changed hands for an aggregate cash price of $10 million.
Greystar-Led Fund Acquires Monogram Residential
The $3 billion deal encompasses 49 communities and nearly 14,000 units in 10 states. Joining Greystar as the REIT’s co-owners will be affiliates of APG Asset Management N.V., GIC and Ivanhoe Cambridge.
LA Investor Snags $107M Suburban Denver Portfolio
Gelt’s acquisition includes two assets in Lakewood: the 408-unit Ascend at Red Rocks and the 172-unit Elevate at Red Rocks.
Renters on Rents
Do your renters think they’re getting a good deal? This month Kingsley Associates and Multi-Housing News surveyed residents to find out whether they see value in their rental agreements.
10 Markets with the Greatest Rent Loss
Rent growth has been decelerating nationally after a wave of new development. Here are markets with the greatest loss in rents over the year.
On the Market: 5 Interesting Listings for the Week of 7/03/17
This week’s listings include a recently renovated community in San Antonio and a rustic condo asset located right off the slopes in Steamboat Springs, Colo.
Bijou, Intercontinental Launch NJ Mixed-Use Development
The joint venture’s 424-unit Hoboken community includes a state-of-the-art public gymnasium, two-acre resiliency park and other luxury amenities.
Strawberry Fields Refinances TN Skilled Nursing Facilities
The $27.2 million HUD guaranteed loans from Capital One Multifamily Finance have a 35-year term at a 3.43 percent fixed interest rate. The REIT acquired the three properties last year.
Boston Investor Buys CA Portfolio
Rockpoint Group, in a joint venture with Strategic Housing Partners, has acquired 500 units in Torrance, Calif., with plans to upgrade the apartments.