Business Specialties
Senior Housing Occupancy Drops, Inventory Increases: NIC
The COVID-19 crisis continues to impact occupancy, with assisted living properties experiencing steeper decreases than independent living assets, the latest NIC MAP report shows.
DB Capital Management Enters Denver Market
Newmark facilitated a $10.5 million loan for the acquisition of the 46-unit community that is set to be renovated and rebranded.
Standard Cos. Pays $31M for Affordable Pasadena Community
The transaction preserves affordability for all 61 units for the next 55 years.
Charlotte Multifamily Wrap-Up – October 2020
Charlotte-area properties trade in $323 million deal. Peak Capital Partners makes $181.5 million investment. Read our October selection of Charlotte must-knows.
Nashville Multifamily Wrap-Up – October 2020
The Connor Group pays $40 million for Murfreesboro community. LDG Development gets $32 million in construction bonds. Check out our October list of Nashville must-reads.
DFW Luxury Community Trades for $46M
Silverado Interests and Noel Partners are the new owners of the 321-unit Station 3700 in Euless, Texas.
Construction Completed at Jersey City Skyscraper
The 79-story residential tower along the Hudson River waterfront was developed by an affiliate of China Overseas America Inc. and designed by Perkins Eastman.
Venterra Buys Georgia Community for $75M
The company is expanding its footprint with the purchase of The Maddox Apartments, a garden-style property in Duluth.
Work Starts on Office-to-Apartment Conversion in Virginia
Lowe and USAA Real Estate plan to deliver 435 units across two towers in Alexandria’s Park Center complex.
Avanath Acquires Boston Workforce Housing
The purchase of the 207-unit Morton Village Apartments in Mattapan, Mass., marks the company’s entrance into the Boston metro.