Cities
Supply Surge Dampens Rent Growth in Kansas City
The metro continues to attract large employers and consolidate its status as a destination for travel and investment. However, the multifamily development boom has led to a rent growth slowdown.
UIP Closes Record Deal Following TOPA Bid
The deal followed tenants’ exercise of their right to purchase the transit-oriented property in the Capitol Riverfront submarket from J.P. Morgan Chase.
Safanad Expands Student Housing Portfolio
The joint venture plans to implement an immediate $5 million renovation program for the 910-bed student housing community, which serves students attending various Washington, D.C.-area universities.
CDP Opens First Permanent Supportive Housing in CA
The firm led an $18 million renovation of an old hotel into The Orchard, which offers 72 units that will house chronically homeless individuals and small families in Santa Ana.
Venterra Acquires Nashville Apartments for $34M
The firm used a mortgage held by PNC Bank to finance the acquisition of the 171-unit community, which opened at the end of 2016.
Integrity Housing Welcomes Ruby Dhillon as VP
The development expert will spearhead the company’s efforts to source and evaluate new investment opportunities. Prior to joining Integrity, Dhillon served at Newport Partners.
FirstService Expands Atlanta Management Footprint
Paramount at Buckhead, a 40-story luxury condominium tower located in the heart of a booming retail corridor, underwent an adaptive reuse conversion in 2004.
First Step to Expanding Affordable Housing: More Research
Urban Institute Researcher Corianne Scally weighs in on the forces that are shaping affordable housing in 2018, and why the industry needs more evidence regarding the most efficient programs and solutions.
Overbuilding Tempers Growth in Washington, DC
Too much development is finally placing pressure on rents, but the capital region still ranks among the most stable multifamily markets in the U.S.
Stillwater Launches Dallas Project
Featuring 336 units, The Crosby is being developed in Dallas’ Deep Ellum submarket, and will include 3,000 square feet of co-working space.