Cities
Joint Venture Acquires LA Communities
Strategic Housing Partners and Rockpoint Group have acquired two portfolios and an additional community, totaling more than 1,200 units.
Medistar Brings Transitional Care Facility to North Houston
Pi Architects are currently designing the 104-bed asset, which will provide various services, including skilled nursing focused on short-term rehabilitation care, assisted living and memory care.
Venterra Realty Sheds $36M on NC Community
The company acquired Chatham Pointe, a 255-unit community built between 2011 and 2015 in Cary, N.C. The asset includes a retail component as well.
Fort Worth Community Changes Hands
Madera Residential sold Valencia, a 263-unit community, to a Dallas-based investment firm. Marcus & Millichap represented the seller and secured the buyer.
Development Boom Tempers Rent Growth in Chicago
The city has seen costs moderate, in keeping with the nation as a whole, and features a bifurcation between luxury and working-class units.
JVM Brings Improvements to IL Property
The Aventine at Oakhurst North, a 464-unit community in Aurora, Ill., features an entirely renovated clubhouse. Several other interior and exterior upgrades are underway.
DFW Community Changes Hands
A local partnership sold The Bristols Apartments, a market-rate multifamily property in Hurst, Texas. The new owner plans to renovate the 94-unit community.
Capital One Closes $12M HUD Loan for Portland Skilled Nursing Facility
The financing proceeds will refinance a comprehensive renovation program of the 128-bed property in Gresham, Ore.
West Side Chicago Welcomes New Affordable Housing
Harvest Homes will offer 36 two-, three- and four-bedroom units located at one contiguous site in East Garfield, Chicago. The total development cost was $12 million.
Ensemble Breaks Ground on Downtown Long Beach Community
Sonata Modern Flats features 112 units alongside a 605-foot-long elevated pedestrian walkway designed as a linear park.