Cities
Stiles Tapped to Develop Ft. Lauderdale High-Rise
The 25-story tower will feature 327 units and an array of luxury amenities. This will be the company’s second project with Greystar in the city.
Community Trades for $45M in Philly Metro
Aulder Capital obtained a seven-year securitized loan through Freddie Mac’s CME Program for the property, which is situated 15 minutes from the University of Delaware.
New Phoenix Community Changes Hands for $59M
The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.
Sentre Plans Townhome Development in San Diego
Villea at Lake Murray in the Lake Murray neighborhood of La Mesa, Calif., which is a San Diego suburb, will feature 27 units, each averaging more than 1,000 square feet.
4 Things Today’s Renter Expects
At NMHC’s OPTECH Conference & Exposition in Las Vegas, Kingsley Associates debuted the results of the 2017 Resident Survey Report. From rent payment methods to online reviews, the report covers what features and amenities today’s renters are expecting, as well as the latest issues hitting the apartment industry.
Marcus & Millichap Sells $23M Senior Community in Sandy, UT
Located between Salt Lake City and Provo, Rosegate Sandy broke ground in 2013. The 159-unit asset is located in a submarket that has seen more than seven percent population growth since 2010.
Albuquerque: Duke City Strives to End Woes
The metro has one of the highest unemployment rates in the nation and moderate population growth, yet its real estate fundamentals continue to lag those of neighboring areas.
Kidder Mathews Arranges San Diego Multifamily Sale
Marlborough 4102 LLC purchased the 18-unit property in San Diego for $4,162,500. Managed by Brycorp Properties, the community was completely renovated in 2007.
San Fernando Valley Apartments Sell for $42M
Ambrus Co. sold a 207-unit, three-property apartment portfolio to Lion Real Estate Group. The acquisition was sourced off-market from a Los Angeles-based private investor who developed the assets 40 years ago.
Capital One Closes Freddie Mac Loan for SoCal Property
The $9.5 million loan will be used to refinance Midway Meadows, a 92-unit apartment community in Orange County’s Midway City.