Cities
Transwestern’s Houston Group Completes Sale of Pindo Pointe
Winslow Asset Management purchased the 164-unit community, which is located in Beaumonth, Texas.
Raleigh: Solid Fundamentals Round Triangle’s Edges
Population gains and steady rent growth are luring multifamily investors and developers to the Research Triangle. Demand is outstripping supply, but with more than 5,000 units scheduled for completion by year-end, that trend is likely to moderate.
San Jose Mixed-Use Tower Changes Hands
HFF worked on behalf of the seller, Capri Capital Partners, to market 360 Residences, a high-rise with 213 units and ground-floor retail space.
CA Property Sold for $74M
The 163-unit mixed-use asset in Monrovia marks Sequoia Equities’ second California purchase this month. The company plans to update the community’s offerings by investing $1.4 million in an interior renovation.
Sunrise Management Recruits New VP
A 15-year industry veteran, Danielle Munoz will focus on property management for the company’s Southern California portfolio.
EdR Opens Texas Student Housing
The 490-bed student housing community is situated in the eastern edge of the Dallas-Fort Worth Metroplex. The approximately 137,000-square-foot project will be home to the first-year college students.
Investcorp Procures $350M Portfolio
Consistent with the company’s strategy of investing in the South and Southwest, the six properties are located in Phoenix, Orlando and Jacksonville, Fla., and offer a combined 2,800 units.
Melo Group Tops Off Miami Community
Square Station includes 710 units and 15,000 square feet of commercial space for ground-floor retail and restaurant tenants.
Strong Demand Augments Twin Cities Occupancy
The metro’s healthy economic growth, low unemployment rate and strong multifamily fundamentals continue to attract investors and developers to the region.
Top 10 Manhattan Apartment Owners
Although rent increases in New York City have slowed down, demand continues to be high and investors still consider the borough a red-hot market. MHN has compiled a list of Manhattan’s top owners based on data from Yardi Matrix.