Business Specialties
Editor’s Note: Are Green Apartments Good Enough?
The new WELL Building Standard emphasizes health.
Axiometrics Report Highlights Apartment Rent Growth in March
The national apartment market experienced a slight uptick in annual effective rent growth during March 2014, increasing at a rate of 3.1 percent, according to the monthly report by Axiometrics.
Sterling Properties Begins Leasing First Building at RiverBend East at Wappingers Falls
Sterling Properties has announced that is has begun leasing in the first building of the company’s new development RiverBend East at Wappingers Falls in Dutchess County, N.Y.
TODAY’S DEALS: Toronto-Based Starlight Acquires Houston Apartments
Starlight U.S. Multi-Family Core Fund acquires a 257-unit asset in Houston; RED Capital Group provides $10.1 for the acquisition and rehab of a low income seniors housing asset; and Carroll Organization adds a multifamily asset to its Florida portfolio.
Saving Money with Water Management
MHN interviews Chris Spain, president and CEO of HydroPoint, about their product WeatherTRAK, a cloud-based landscape irrigation management system, and how this could end up saving multifamily communities money.
Prime Property Investors Top-Off at Alexan at Auburn Lakes in Houston
Prime Property Investors has announced that construction on Alexan at Auburn Lakes in Houston has topped off on the community’s nine three-story buildings. The company partnered with Trammel Crow Residential to develop the 346-unit garden style community.
TODAY’S DEALS: Berkadia Arranges $146M for First Seniors Housing Early Index Lock Deal
Berkadia closes a first-ever seniors housing Early Index Lock transaction; Investor’s Bank closes 80 deals in 1Q14 with strong multifamily business; and Cohen Financial secures $16 million in equity for a condominium development in South Florida.
‘What Renters Want’ with Jessica Fiur: 5 Things Apartments Should Copy from Hotels
Apartment communities are taking cues from the hospitality industry. Here are five things apartments should adapt from hotels.
Centerline Introduces Proprietary Bridge Loan Program for Pre-Stabilized Properties
Centerline Capital Group announced a new multifamily bridge loan program that will provide short-term financing for multifamily properties that have not reached stabilization.
Bernards Finishes Construction on BRE’s Wilshire La Brea in Los Angeles
Bernards has announced the completion of the $105 million Wilshire La Brea mixed-use development located in Los Angeles’ Mid-City neighborhood. The property was developed by San Francisco Based BRE Properties, which will also manage the rental community.