Business Specialties
The June Digital Issue of MHN is Now Available!
This month offers a special focus on student housing, including a review of the latest security tools, an evaluation of debt and equity sources, and some new lease management techniques for the Mobile Age.
Berkadia Closes $12M Hollywood Community Sale
This is the first time the 72-unit property has traded in more than 40 years. Since most units lacked kitchens, the property was challenging to finance by conventional lenders.
Berkadia: Student Housing Pre-leasing Rates Still Robust
According to the company’s recent report, pre-leasing rates across the country were higher than any year since before 2012 as of the end of April.
What Do Millennials Want?
They’re the largest renter population, so it’s important to appeal to this age group. This month, MHN and Kingsley Associates explore what these residents think of their communities.
SALT Spices Up $100M Salt Lake City Development
The company has completed the first two phases of 4th West Apartments, which includes 373 units. The building, described as “ultra luxury,” includes amenities such as an Olympic-size pool, heated spas and The SportClub, which features a 16-screen video wall and a full-size bar.
Greystone, Winterwood Reopen KY Affordable Housing
Following a complex statewide pooled tax-exempt bond transaction totaling $65 million, the companies reopened 18 remodeled affordable housing communities across 14 counties.
Investcorp, TruAmerica Buy $98M Orlando Portfolio
The JV acquired a 708-unit, two-property portfolio and plans an extensive value-add renovation program for both communities.
Mixed-Use Project Opens in Downtown Portland
The Greystar-managed Sky 3 comprises 196 units, of which 39 will remain affordable for at least 10 years. The community also offers a 13,000-square-foot retail space.
PGIM, Kisco Acquire Bay-Area Senior Living Community
Featuring 187 independent and assisted living residences, Byron Park stands on a 7.3-acre site in Walnut Creek, 20 miles east of San Francisco.
Affordable Housing Finance Veteran Joins Jonathan Rose
As West Coast director, Kelly Boyer will work with the company’s New York-based acquisitions team, sourcing new investment opportunities on the West Coast, including direct investments and joint ventures, as well as managing operating partner relationships.