Cities
Chicago Multifamily Report – Summer 2019
The metro remains one of the few gateway markets that face a housing deficit in the year ahead, despite the record number of units scheduled for completion by year’s end.
Tides Equities Buys Phoenix Community for $57M
The real estate investment firm added a 436-unit community to its rapidly growing portfolio in the city. NorthMarq arranged the deal, including a $49.1 million bridge loan.
San Diego Communities Land $223M Refi
Totaling 803 units in the Kearny Mesa submarket, the two rental properties are part of the 232-acre Centrum Master Plan.
Investors Management Group Buys Atlanta-Area Property for $35M
The firm expanded its portfolio with the addition of a 264-unit community in Duluth, located approximately 25 miles from downtown Atlanta.
Zaremba Group Buys NC Community for $45M
The sale of the 191-unit luxury multifamily asset near Raleigh comes less than four months after the property opened its doors.
Boston-Area Affordable Development Lands $23M Loan
The financing includes funds from MassHousing’s $100 million Workforce Housing Initiative. Just-A-Start intends to create 23 new apartments and preserve 65 units for low-income residents in Cambridge.
The Habitat Co. Takes Charge of Chicago Affordable Housing Portfolio
The firm now manages an additional 18 affordable communities owned by the Chicago Housing Authority. The properties are located across the Windy City’s West and South sides.
Redwood Capital Buys New Charlotte Community
The real estate investment manager bought the 245-unit asset from developer Proffitt Dixon Partners. The property is located in the city’s Ballantyne neighborhood.
Phoenix Apartments Command $69M
CBRE Capital Markets provided Lurin Capital with a $43 million acquisition loan for the purchase of the 283-unit luxury community.
Affordable Housing: Is Austin Becoming the Next Palo Alto?
Affordable Central Texas’ David Steinwedell and Carleton Residential Properties’ Printice Gary share their views on Austin’s looming affordability crisis in the workforce housing sector.