Business Specialties
Thinking Outside the 350-SF Box
National Apartment Association members convened at the group’s recent Education Conference to address key topics, from maximizing ROI through design to cultivating the next generation of talent.
Strategic Management in Downtown Detroit
After more than 20 years, Broder & Sachse ended most of its third-party property management contracts to concentrate mostly on property development. CEO Rich Broder discusses company’s strategy and the state of multifamily in the Detroit area.
George Smith Secures $27M for Hollywood Community
Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.
J Street Lands Dupont Circle Site for Condo Project
The developer plans to build The Pacifica, a nine-unit luxury community in Washington, D.C. In partnership with the Dupont Circle Citizens’ Association, the company is offering the historic buildings currently on the site for free.
Unveiled: Brook Avenue Apartments in the Bronx
Yuco Real Estate Co.’s $25 million, 66-unit development was financed under Mayor De Blasio’s Housing New York plan.
Tips for Saving Money on Energy Bills
Taking steps to make buildings more energy efficient not only has a positive impact on the environment but it can also save a lot of money for property owners in the small-balance market.
Texas Multifamily Portfolio Lands $77M Refi
The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.
Baltimore Community Lands $73M HUD Construction Loan
The 317-unit Berkleigh in Middle River is part of Baltimore Crossroads @ 95, a large-scale project that will encompass office space, retail, two hotels, 1,000 homes and two multifamily properties.
WTC Secures $70M for Suburban Chicago Property
The company obtained construction and permanent financing for the 301-unit residential component of Wheeling Town Center, a mixed-use development.
Gelt Enters Albuquerque Market
The company purchased Mountain Run Apartments from Chartwell Capital Partners and has plans to renovate and upgrade the amenity spaces.