Business Specialties
‘What Renters Want’ with Jessica Fiur: The Oldest Real Estate Trick in the Book
There are several ways to stir up excitement about an apartment.
$238 Million Uplands Residential Community Opens In Baltimore
Uplands, a new, $238 million residential community located in Baltimore, oficially opened its gates to the public on Monday, June 3.
Milestone Apartments REIT to Pay $46 Million for Alpharetta Community
According to an official company announcement, Milestone Apartments REIT has agreed to pay $46 million for the Century Windermere, a 346-unit Class A multifamily apartment community located in the Alpharetta/Cumming submarket of Atlanta.
TODAY’S DEALS: U.S. Bank Closes $55.1M for Affordable Seniors Developments
U.S. Bank paves the way for two Retirement Housing Foundation projects in L.A.; Beech Street closes $8.5 million for a Tampa refinance; and Alliant Capital provides a $975,000 loan.
Presidio Apartments Becomes Bell Lake Creek after Bell Partners Acquisition
The Austin Presidio Apartments community has been acquired by the investors from Bell Partners Inc. on May 30th. The transaction cost has not been made public, but the property, which will stay under the management of Bell Partners, will change its name into Bell Lake Creek.
APARTMENT MARKET STATISTICS: June 2013
Bank lending increased across the board for multifamily properties and income-producing commercial real estate, according to Chandan Economics. Overall, the recent permit numbers have been strong enough to support a five-plus starts rate in range of 285,000 over the next couple of months, stated the National Association of Home Builders.
APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.
Walker & Dunlop Honored with Top Awards by Fannie Mae
Walker & Dunlop, Inc. announced that it received two top awards at the 2013 Fannie Mae DUS® Meeting in Washington, D.C., for deals closed in 2012.
Fannie Mae Releases New Research Study: Renters Are Satisfied, but Continuing to Reach for Homeownership
Fannie Mae’s Economic & Strategic Research Group released a new research study that investigates the impact of consumer attitudes toward renting and homeownership on the future of housing in America.