Cities
JV Acquires Tampa Multifamily Portfolio for $64M
TruAmerica and RSE Capital Partners purchased a 262-unit community in Palm Harbor and a 192-unit asset in Pinellas Park. Newmark Knight Frank marketed the properties on behalf of the seller.
NCCU Breaks Ground on 2 Student Housing Communities
Scheduled for completion in 2021, the properties will feature 1,247 beds. An additional residential hall, Lawson Street Residential Hall, is projected for completion in 2021.
EJF Capital Bets on $86M Jacksonville Opportunity Zone Project
The alternative asset manager has joined forces with Chance Partners on the 486-unit community in the city’s San Marco neighborhood, adding to a string of deals in tax-friendly areas.
Queens Multifamily Report – Summer 2019
The borough’s rents increased just 0.6 percent year-over-year through April, partially due to New York City’s pressing affordability issues and regulatory uncertainty.
Metro Atlanta Community Commands $19M
An affiliate of The Beach Co. acquired the 156-unit multifamily asset in Austell. The new owner will continue the interior unit upgrades started by the seller, Arcan Capital.
Philadelphia-Area Property Lands New Owner
HFF arranged the sale of Riverwalk at Millennium in Conshohocken, Pa., to Relative Properties and secured Freddie Mac financing for the buyer.
American Landmark, RSE Capital Snag $247M Portfolio
The partnership acquired a total of 1,848 residential units across the Dallas-Fort Worth and Nashville metro areas in an off-market deal.
Suburban Chicago Community Receives $33M Refi
The loan will help stabilize Apex 41, a luxury community in Lombard, Ill. GlenStar Properties completed the 181-unit asset two years ago.
OpenPath Investments Acquires 250-Unit Dallas Community
The new owner intends to invest in improvements at the 2000-built Greens of Hickory Trail. Income restrictions at the 250-unit community will phase out by 2021.
Preparing for the Next Generation: A Look at Gen Z
Generation Z is about to flood the apartment market, so it’s important to be aware of its general attributes and preferences, explained Kate Good on a panel at NAA’s Apartmentalize in Denver.