Cities
Berkadia Closes Record Sale in Encinitas
Property West Residential purchased a 120-unit community in San Diego County for $53 million from Equity Residential.
Hunt Mortgage Procures $44M for Seattle Community
Soma Towers consists of two buildings offering 276 units, of which 20 units are affordable. Soma Towers Phase II was developed by Soma Towers DE LLC, in 2016.
CBRE Closes Sale of Ft. Lauderdale-Area Community
The affordable apartment complex boasts various community amenities including an outdoor swimming pool, sun decks and a fully equipped fitness center.
Southwest Houston Apartments Change Hands
Ilan Investments sold Winding Trails Apartments in Houston to One Real Estate Investment. The 438-unit community was 93 percent occupied at the time of sale.
ARA Newmark Brokers 882-Unit Atlanta Community Sale
Managing Director Chad DeFoor represented the sellers of the three-building portfolio, affiliates of Oz Real Estate and CF Real Estate Services. The buyer was Balfour Beatty Communities.
Tradition Senior Living Enters Houston
The company broke ground on a 316-unit community slated for completion in late 2018. The two-building property will offer a continuum of care, including independent living, assisted living and memory care.
Rents Moderate in the San Francisco Bay
Rates have reached a point where even highly paid workers can’t afford the premium prices, despite the metro’s consistent job expansion, robust resident demand and high home prices.
MHN’s Top 5 July 2017 Articles
Miss out on any MHN stories in July? Here are five of our most popular articles for the month, including the top 10 apartment owners in Atlanta and design trends and products from NAA’s Education Conference & Exposition.
St. Paul Eyes 135-Acre Urban Village
A rezoning plan calls for as many as 4,000 residential units on a site owned by Ford, which is expected to be put on the market by early 2018.
Gainesville Community Trades for $22M
Audubon Communities purchased a 292-unit residential asset that will operate as Peaks at Gainesville. The company also revealed an almost $3 million refurbishment plan.