Cities
Meridian Arranges $23M Loan for TX Community
The firm secured a three-year loan that will be used to recapitalize the 344-unit Wildwood in Austin, which features a playground, a pool and 650 parking spaces.
Employment, Affordability Drive Demand in Jacksonville
A healthy economic climate and ongoing multifamily rent growth are drawing more investors to the metro, where the sales volume rose to nearly $1.4 billion in 2017.
Atlas Real Estate Group on Denver’s Multifamily Outlook
Co-founder Jason Shepherd explores the investment market and new development trends he’s seeing, such as the rise of micro units.
WinnCos. Breaks Ground on Boston Veterans Housing
The Residences at Brighton Marine is the first of its kind to offer mixed-income housing in Boston since World War II. It will include 102 units and on-site services and is scheduled for completion by December 2019.
MN 55+ Community Sells Above the Listing Price
Lynn Court Apartments in Savage received offers from investors from seven different states, which is believed to be representative for the state of the area’s multifamily market.
Historic Richmond High-Rise Sells for $39M
Built in 1913, the 19-story First National Bank building was the city’s tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.
TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied.
Demand, Deliveries Maintain Rent Growth in the Inland Empire
Bolstered by population gains, multifamily demand continues to be strong for both Lifestyle and Renter-by-Necessity assets across the metro, where rents are expected to rise by 4.4 percent in 2018.
Asset Campus Expands Student Housing Management Portfolio
The company has acquired St. Joe Place, a 144-unit community that serves students at Ivy Tech Community College and Purdue University-Fort Wayne.
Improving Accessibility Through Technology
Architect Ariel Aufgang revealed how technology can improve home accessibility and why regularly updated regulations could help reduce costs for developers building such projects.