Cities
Yardi Matrix: Washington, DC’s Widespread Growth
Fueled by a healthy employment landscape and an increasing population, Washington, D.C., offers its multifamily sector plenty of positive attributes.
FortCap Partners Acquires 198-Unit Community
With the purchase of Gables Court Apartments, the company’s Atlanta multifamily portfolio now totals 567 units.
New Standard Equities Acquires Seattle-Area Property
The 284-unit community was acquired from Fowler Property Acquisitions.
Yardi Matrix: Philadelphia’s Growth Story
The demand for apartments continues to rise in the City of Brotherly Love, driven by positive economic and demographic trends.
CA Residential, Habitat Co. Form Multifamily Partnership
The Chicago-based firms will pursue co-development and investment deal in various markets nationwide, targeting properties between $40 million and $120 million.
Architect for Pearl Midtown 29 Revealed
Architecture and design firm Stantec has revealed its design for the luxury mixed-use development in Midtown Miami.
New Owner Plans $5M Renovation of Lake Vista Apartments
The 480-unit community in Miramar will feature two additional pools and upgraded interior finishes, all part of the multi-million dollar renovation project.
Yardi Matrix: Denver’s Growth Conundrum
An influx of Millennials and strong job growth have propelled apartment rent increases in Denver to among the highest in the nation—but that growth may be hitting a wall as a result of the heavy development pipeline.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
HFF Secures Financing for Montclair Terrace Apartments
There is the opportunity to position the asset as an affordable property.