Cities
Colorado Community Sells for $92M
Gelt Inc. originally bought Westhills Apartment Homes in Lakewood, Colo., for $66 million and invested $11 million in upgrades.
Queens Multifamily Report – Fall 2019
Unrestrained by this summer’s new statewide regulations, rents in the New York City borough rose sharply over the past two quarters.
Berkadia Arranges $49M Orlando Community Sale
The company’s Cole Whitaker and Mary Beale worked on behalf of seller Aspen Square Management in the disposition of the 278-unit suburban asset.
New York’s Rent Reform Pushes Investors Toward South Florida
As investors pull away from markets with rent control laws, the Sunshine State seems to be one of the greatest beneficiaries. Brown Harris Stevens’ Phil Gutman explains why it’s hard to match the advantages Florida has to offer.
FCP Expands Orlando Footprint With $25M Buy
The company’s purchase of the 208-unit suburban community brings its Florida holdings to more than 2,700 units.
Boston Multifamily Market: Secondary Locations Gain Popularity
Walker & Dunlop’s Travis D’Amato sheds light on how Boston investors and developers are shifting their strategies to stay above rising costs.
Berkadia Secures $68M Loan for Cleveland Community
Director Dan Geuther arranged the Freddie Mac loan on behalf of Midwest Development Partners, the developer of Centric Apartments.
Queens’ T-Building: From Hospital to Affordable Housing Community
Dunn Development Corp. has started work on transforming the historic structure into a 200-unit affordable housing property, slated for completion in 2021.
Capital Square Scores $225M Financing
Walker & Dunlop assembled the debt package for five apartment communities across Virginia.
Pembrook CEO: Affordable Housing Can Be Top Performing
Stuart Boesky, CEO of Pembrook Capital Management, explains how affordable rental housing can be a successful investment, even in times of economic distress.