Cities
Matrix Multifamily Salt Lake City Report – Winter 2019
The metro’s multifamily demand is still outpacing supply, while occupancy in stabilized properties, at 96.0 percent last September, remains above the national average.
Jacksonville Community Gets $30M Refi
HFF originated the 10-year Freddie Mac mortgage for Beachwold Residential, the owner of the 288-unit luxury community. The loan retires a prior CMBS loan.
Waterton Purchases NC Portfolio for $169M
The properties include Ashford Green and The Retreat at McAlpine Creek in Charlotte, Atria at Crabtree Valley in Raleigh, and Audubon Parc in Cary.
Affordable Community Trades in KC
CBRE Capital Markets provided more than $11 million in Fannie Mae financing to the buyer, Peak Capital Partners, for the 260-unit multifamily asset.
Cleveland’s Rent Growth Picks Up the Pace
With demographic contraction moderating and demand improving, rent growth in Cleveland is once again accelerating, at 2.2 percent year-over-year through October 2018.
Cardone Capital Buys, Rebrands Austin Luxury Property
The 10X Living at Grandview community, which was previously known as Gables Grandview, comprises 34 buildings totaling 458 units.
New Chicago Luxury Tower Sells for $121M
The 265-unit high-rise developed by Moceri + Roszak marks Canada-based Pacific Reach Properties’ first multifamily acquisition in the city.
Praedium Group Buys Dallas-Area Asset
Located in North Arlington, the 353-unit Arlington Commons was completed in 2018 and offers residents access to amenities such as a dog park, swimming pool and wellness center.
Praedium Group Acquires Nashville Community
The investment firm purchased Novel Bellevue, part of the newly opened, 1 million-square-foot One Bellevue Place mixed-use development. The seller was Crescent Communities.
Kiser Group Brokers $38M Sale of Chicago Condominium Asset
ESG Kullen acquired all 250 units of The Flats on LaSalle, a former luxury hotel converted into apartments in early 2000.