Cities
Austin Multifamily Report – Winter 2019, Part 2
Despite a steady pipeline of new product, rent growth across the metro continued, ending 2018 at 3.6 percent year-over-year, while a healthy demand has put upward pressure on occupancy.
Harbor Group Pays $51M for Nashville Community
Greystone originated more than $40 million in Freddie Mac acquisition financing for the buyer of the 407-unit Class B multifamily asset.
Franklin Street to Manage $105M Student Housing Tower
UnionWest at Creative Village is an Orlando mixed-use property that will serve students from the University of Central Florida and Valencia College.
Berkshire Acquires Recently Completed MN Community
The Park Off Central is located less than 20 miles from Minneapolis and St. Paul. The new owner is set to rebrand the 191-unit asset.
Long Island Multifamily Portfolio Changes Hands for $473M
Fairfield Properties, with a $100 million preferred equity investment from FCP, acquired the seven properties from Lone Star Funds.
Albuquerque Multifamily Report – Winter 2019
Large investments in the area have brought the metro’s job growth in line with the U.S. average for the first time this cycle, boosting rental demand along the way.
Bridge Investment Group Buys Senior Housing Portfolio
Located in Alabama, Florida, Georgia and Tennessee, the eight communities encompass 887 units with a total occupancy rate of 92 percent.
AvalonBay Buys Denver Property for $91M
The newly completed asset includes more than 300 luxury units. The community is located 20 miles from downtown Denver, in the Arapahoe-East submarket.
DRA Advisors JV Purchases Houston Community
The firm partnered with Fogelman to acquire the 660-unit Class A multifamily asset in the Royal Oaks Country Club submarket.
Wood Partners Breaks Ground on Denver-Area Project
The 260-unit Alta Green Mountain in Lakewood is slated for completion this August. The project is less than 3 miles from Denver Federal Center.