Business Specialties
Graceada Partners Pays $24M for Sacramento Community
The new owner plans to renovate and modernize the property, investing $12,000 per unit.
San Diego Community Sells for $70M
CRBE provided $43 million in financing through Cigna for R&V Management’s acquisition of the LEED Platinum-certified property.
Lendlease Recapitalizes 2 Projects for $200M
The loans are for The Cooper in Chicago and Clippership Wharf in Boston, held through its U.S. investment vehicle with Aware Super.
Top 10 Multifamily Projects Under Construction in the Bay Area
Yardi Matrix data shows some 23,000 units are currently underway across 125 properties in the metro, as of August.
Top 5 Multifamily Projects Under Construction in San Diego
A single submarket 10 miles from downtown accounts for more than a third of the metro’s units underway, Yardi Matrix data shows.
PRC Group Lands $87M Loan for New Jersey Workforce Housing Portfolio
Walker & Dunlop has arranged the Fannie Mae financing, which will go towards the renovation of three properties.
Lynd Tapped to Manage Nearly 1,200 Units
The company is looking to bring occupancy rates up at three Houston properties and a Jacksonville, Fla., asset.
Multifamily Roundtable: Fewer Deals But Little Distress
Six months into the global pandemic, MHN convened multifamily executives to discuss how the property type is holding up under various pressures.
RXR Realty Tops Out Brooklyn Apartment Tower
The 34-story property will offer a mix of market-rate and workforce units on Long Island University’s Fort Greene campus.
Top Texas Metros for Multifamily Development in 2020
By August, developers had delivered 26,300 units in Austin, Dallas and Houston combined, placing the three areas among those with the highest multifamily completions in the country.