Business Specialties
Fairstead Pays $30M for Fort Lauderdale Senior Housing
The buyer of the 123-unit Section 8 community in Sunrise, Fla., plans to invest in a multimillion-dollar rehabilitation program.
3 Tips to Keep Senior Living Communities COVID-19-Free
Avanti Senior Living COO Lori Alford shares the owner-operator’s strategy for avoiding infections and other issues across its portfolio.
Pebb Capital Sells 180-Unit Arkansas Property
The firm acquired the asset in 2016 and converted it from a 504-bed student housing property to a 180-unit community.
Rent Collection Survey Predicts Increase in June Payments
The latest survey by J Turner Research found 84.3 percent of residents expect to pay this month’s rent by June 10.
Prism Multifamily Buys Value-Add Portfolio in Florida for $54M
Newmark Knight Frank negotiated the sale of Hamlet Plantation and Continental Apartments on behalf of the seller.
Lightstone Lands $30M Loan for Suburban Indianapolis Asset
Greystone secured the acquisition financing for the 280-unit garden-style community in Noblesville, Ind.
BRP, Pennrose JV to Begin 1st Phase of Jersey City Redevelopment
The multi-phase Bayfront project will be the largest mixed-income development in the tri-state region.
Capstone Closes Loan on San Diego Student Housing
The financing was provided by Bank of America for an on-campus residence at San Diego State University.
Aspen Heights Partners Begins Construction on Austin Community
The development is located within the East Riverside Corridor and will include 323 units and two interior courtyards.
Greystar Acquires Alliance’s Property Management Arm
The country’s largest apartment operator will boost its portfolio by 500 communities and nearly 130,000 units.