Cities
Olympus Property Expands in Salt Lake City
The company acquired a Class A, garden-style property in the Salt Lake City suburb of South Jordan, from Woodbury Corp. Built in 2012, the asset consists of townhomes with attached garages.
Affordable Housing Services 2.0: Health & Wellness Programs
Avanath Capital Management’s Alicia Bramble and Ada Arevalo talk about how the shift toward lifestyle services and away from physical amenities is impacting the affordable housing market in the Washington, D.C., area.
Twin Cities Multifamily Report – Summer 2019
Multifamily rents in Minneapolis–St. Paul increased 3.1 percent year-over-year through May, 60 basis points above the U.S. average and slightly higher than other Midwestern markets.
NYC Moves Forward on $260M Harlem Project
Empire State Development approved a modified plan along with $4.5 million in grants for the redevelopment project, which will include more than 170 affordable and supportive housing units.
Location Ventures Secures Loan for Florida Student Housing
Orduna Court in Coral Gables underwent a $2.1 million renovation plan to convert the condominiums into student housing units.
DC Rental Property Commands $37M
Montgomery Housing Partnership acquired the 394-unit affordable housing community in a transaction facilitated by Greysteel.
Phoenix Senior Housing Asset Trades for $27M
Chicago Pacific Founders acquired the 101-unit community, which offers three different levels of care and is located near several health-care providers.
Mill Creek Residential Adds Luxury Apartments in Denver
The eight-story Modera Cap Hill features 197 apartment units in the city’s Capitol Hill neighborhood just south of downtown.
Cleveland Multifamily Report – Summer 2019
The metro’s multifamily sector remained relatively stable in early 2019, with rents increasing 2.4 percent year-over-year through May, just 10 basis points below the national average.
Cushman & Wakefield Brokers $22M Deal in SC
Upstate Property Rentals sold the 22-building, 352-unit property to Nakash Family Land Trust and Mendel Fischer. The asset is located on the I-85 corridor.