Business Specialties
MHN Interview: The Michaels Organization on Its New Affordable La. Communities
The Housing Authority of Shreveport, La., and The Michaels Org. recently opened an affordable community called Cypress Landing, and also broke ground on another affordable community called Renaissance at Allendale. MHN talks to The Michaels Org.’s lead developer on these projects, Milt Pratt, about why these apartments are important for the community.
Groundbreaking for Second Trump Plaza Building in Jersey City Expected in June
Developers of Trump Plaza in Jersey City, N.J., are gearing up for the ground breaking on the second tower of Trump Plaza in Jersey City after the city council approved a 5-year tax abatement on the property last week.
Greystar to Manage Student Apartments in Muncie, Ind.
Greystar Student Living will manage Windermere Place Apartments, a 672-bed student housing community in Muncie, Ind.
MHN Interview: Monica Makin, Urban Innovations, Vice President of Acquisitions and Asset Management
In her current position as vice president of acquisitions and asset management for Chicago-based Urban Innovations, Monica Makin is an advocate for expanding affordable housing opportunities for seniors, workforce and low-income residents.
Equus Capital Acquires Raleigh Multifamily Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multifamily properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
Social Media Takeaways from the US Airways Pornographic Twitter Incident
US Airways recently accidentally tweeted an inappropriate image to a customer. Property managers could get some takeaways for their community’s social media pages from this incident.
White Plains Housing Authority, Jonathan Rose Companies to Develop $42.18M Affordable Housing Community
The White Plains Housing Authority in partnership with Jonathan Rose Companies has broken ground on a $42.18 million affordable housing community, The Prelude, in the first phase of efforts to revitalize at the Brookfield Commons campus in White Plains, N.Y.
TODAY’S DEALS: Pacific Southwest Arranges $32M for Calif. Apartments
Pacific Southwest Realty Services secures $32 million for a 447-unit asset via a life company; NorthMarq Capital negotiates a $26.3 million student housing acquisition in West Virginia; and Centerline provides a $4.8- million FHA 223(f) loan to refinance an affordable housing property.
OzProp Selects Yardi Voyager 7S in Australia
Yardi announced today that Australian wholesale real estate investment trust manager OzProp selected Yardi Voyager® as its new property management and accounting platform.
Multi-Housing Refinancing Dilemma: Pay Now, Or Lock In Later?
Should an investor shoulder that pre-pay penalty now and refinance, or does it make sense to wait a year or two?