Cities
TerraCap Acquires in Austin
The firm seeks to grow its footprint after buying a 337-unit suburban property.
JLL Arranges $76.8M for Denholtz Acquisition
The property was constructed in 2020 and includes 384 luxury units.
Chartwell Residential Launches Nashville Projects
Groundbreaking is complete and construction is expected to take 18 months.
Los Angeles Four-Community Portfolio Sells
The seller was a partnership between an operator and a commercial real estate developer.
Madison Capital Breaks Ground in Tampa Suburb
The community will be situated in the Wesley Chapel suburb.
Pearlmark Sells Dallas-Area Asset
Marcus & Millichap represented the seller and procured the buyer.
37th Parallel Sells North Dallas Asset
UBS Bank provided a $28 million acquisition loan for the deal.
Las Vegas Multifamily Report – August 2022
The pandemic slammed Las Vegas’ ascent, and after a swift economic surge in 2021, the performance of the local economy tempered to a steady recovery. This was mirrored by the multifamily market, with rent expansion moderating after a strong run, up 0.6 percent on a trailing three-month basis through June, to $1,525, trailing the 1.1 percent U.S. rate. The metro recorded a slowdown during the first half of 2022, with occupancy marking the largest decrease among major U.S. metros, down 1.4 percent in the 12 months ending in May, to 95.1 percent. READ THE FULL YARDI MATRIX REPORT Las Vegas…
RangeWater Breaks Ground on San Antonio Townhome Project
Caliza at the Loop marks the company’s first ground-up development in the market.
Casoro Group Sells Houston Asset
The Quinn South at Westchase recently underwent several value-add improvements.