Cities
KC Development Receives $52M in Financing
West Bottom Flats will encompass 265 units and 5,500 square feet of commercial space. Completion of the $66 million redevelopment is targeted for 2020.
Westmount Acquires San Antonio Community
The Place at Houston Street is a garden-style asset with 200 units. The new owner is set to invest in improvements, including new fencing, a renovated pool and refreshed landscaping.
Manhattan Tower Lands $75M Refi Loan
Greystone closed the Fannie Mae loan to refinance Edison Properties’ 23-story luxury high-rise located on the Lower East Side.
197-Unit DC Property Changes Owner
Strategic Realty Holdings acquired Highland Ridge in Capitol Heights, Md. Greysteel facilitated the $22.1 million deal on behalf of the seller and procured the buyer.
Inside the Bay Area’s Dynamic Investment Market
There has been some cooling of price and income expectations, but buyers are still enthusiastically grabbing up San Francisco and Silicon Valley multifamily. Levin Johnston’s Robert Johnson and Adam Levin shed light on this trend and others.
Peak Campus Expands SC Student Housing Portfolio
The 132-unit community serves students attending Clemson University. This transaction brings Peak Campus’ Clemson portfolio to roughly 1,000 beds.
Multifamily Chicago Report – Winter 2019
Demand is strong across the metro, as Millennials continue to move into well-located, modern apartments, pushing rent growth to its highest rate in two years.
Miami High-Rise Lands $92M Financing
Modera Metro Dadeland, completed in 2017, has 422 apartments within walking distance of the Dadeland North Metrorail station.
Gadsden Growth Acquires Bay-Area Asset for $240M
Mission Hills Square in Fremont, Calif., has 158 residential units and 53,900 square feet of retail space. The mixed-use development is expected to be completed in October.
Multifamily Houston Report – Winter 2019
Despite a deceleration in rent growth following record deliveries over the past three years, investment sales for 2018 totaled more than $4.5 billion through November.