Cities
Tackling Affordability with Fannie Mae’s Multifamily Chief
Renters who struggle to meet rising monthly payments with modest incomes are also fighting to live close to work, school or family members. To combat this problem, Fannie Mae’s Executive Vice President and Head of Multifamily Jeff Hayward calls on all stakeholders to rethink the way they create housing for low- and moderate-income residents.
Tiny Living Brings Big Changes to Student Housing
At the 2017 NeoCon show, Tomas Eliaeson and Thomas Carlson-Reddig of Little discuss how universities can embrace smaller units without sacrificing design or space.
Kidder Mathews Taps Orange County VP
Based in the firm’s Orange County office, Johnny Chang will specialize in multifamily investments. He joins from CBRE and has transactions totaling more than $250 million under his belt.
Greystone Refinances Dallas’ Largest Apartment Community
Greystone’s Rob Meehan originated the CMBS loan, which includes a 10-year fixed term at a low rate. Vineyards at Forest Edge is 95.2 percent occupied.
Kiser Group Promotes John Meyer to Senior Director
He has been with Kiser Group for more than eight years, having joined the company as managing director. His responsibilities cover the apartment middle market in the Chicago area.
South FL Community Trades in $27M Deal
Cushman & Wakefield’s team worked on behalf of the seller, a joint venture between Eastwind Development and Index Apartments, in the 1031 exchange of the asset.
Allied Orion Expands Denver Management Portfolio
The Arel Capital-owned 141-unit property is the seventh residential asset to join The Collective Glendale, a 793-unit portfolio located near Infinity Park.
Security Properties Expands Its Seattle Portfolio
Together with Intercontinental, the company purchased the five-story building located near Seattle’s Central Business District. The average rental rate was $1,493 as of May.
Greystone Provides $60M HUD Loan for NY Skilled Nursing Facility
The firm also secured a bridge-to-HUD loan to finance Kennedy Management’s acquisition, rebranding and renovation of the 302-bed asset in 2015.
Far North Dallas Community Up for Grabs
Greysteel’s Boyan Radic, Doug Banerjee and Andrew Hanson were selected to lead the marketing efforts for a 64-unit community in Denton, Texas. As of April, the property was 95.5 percent occupied.