Business Specialties
UMH Properties Acquires 1st Alabama Asset
The REIT will implement a turnaround strategy at the 195-homesite community in Dothan and infill the property with rental homes.
Tampa-Area Community Trades for $55M
GMC Properties has sold the property to a fund managed by Covenant Capital Group.
Domain Cos. Breaks Ground on $310M Bronx Project
Lyra will feature 544 apartments and 10,000 square feet of retail in the Mott Haven neighborhood.
Fairstead Buys Jacksonville Asset for $15M
The seller provided the new owner of the 149-unit community with $11.1 million in acquisition debt.
January Rent Collections Hit 77%: NMHC
The latest figures come on the heels of recent federal relief measures including stimulus checks, emergency rent relief and an extension of the CDC’s eviction moratorium.
Nashville Community Receives $22M Freddie Mac Refi
The note replaces a $21.7 million acquisition loan provided by Greystone in 2019.
Senior Housing Occupancy Reaches Record Low of 81%
Pandemic-related disruptions drove occupancy down by 6.8 percentage points from the first quarter of 2020.
Denver-Area Community Changes Hands for $77M
The developers broke local price records with the sale of the recently completed, 256-unit asset in Longmont, Colo.
Rockefeller Group Debuts Luxury Condo Tower in Manhattan
The 123-unit, Art Deco-inspired Rose Hill community rises 45 stories in the borough’s NoMad neighborhood.
Stonemark Assumes Management of Georgia Apartments
The firm was chosen to manage Legacy Apartment Homes in College Park, Ga., and plans to rebrand the property.