Cities
Luxury MD Senior Housing Welcomes Residents
Capitol Seniors Housing opened the 84-unit assisted living and memory care community in the heart of Anne Arundel County. The Arbor Co. will operate the 72,140-square-foot facility.
Toll Brothers Tops Out Prefab Atlanta Tower
General contractor Balfour Beatty is building the 319-unit property, Osprey, in partnership with modular construction firm Prescient. Completion is slated for the first quarter of next year.
Columbus Pacific Scores $165M for Utah Condo Hotel
The 233-key property in the Park City ski resort will offer full-service vacation residences as well as guestrooms and suites, and is scheduled to debut in winter 2021.
Twin Cities Development: Mixed Outlook
The Opus Group’s Matt Rauenhorst and Nick Murnane evaluate the Twin Cities’ multifamily landscape and discuss the challenges developers face in a market with good demographics.
Orlando Garden-Style Community Sells for $63M
Priderock Capital Partners purchased the 356-unit property, expanding its South Atlantic portfolio. Newmark Knight Frank represented the seller and originated acquisition financing for the buyer.
Top 5 St. Louis Completions in 2019
Steady demand is shaping the metro’s development pipeline, as some 1,100 units came online in the first months of 2019, while another 3,550 units were underway as of May.
JRK Property Holdings Buys $57M Seattle-Area Asset
The buyer will complete renovations started by the seller. Additionally, the company will also update the community’s common areas and amenities.
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
An Investor’s View on the Portland Multifamily Market
Pathfinder Partners Senior Managing Director Mitch Siegler discusses value-add opportunities in Portland, investment strategies, as well as the biggest challenge in the sector today.
Tampa Rental Property Commands $60M
Axonic Properties acquired the asset from Sachs Cos. for the equivalent of $170,624 per unit, with JBM Institutional Multifamily Advisors facilitating the deal.