Cities
Twin Cities Occupancy Rates Remain Sky-High
Favorable demographic and employment trends sustain strong multifamily demand across the metro, where rent growth continues to outperform the national average.
Affordable Cincinnati Community Changes Hands
Related Cos. purchased Alms Hill for $3.2 million. Originally completed in 1925, the 200-unit asset in Walnut Hills once served as a luxury hotel.
The Habitat Co. Wraps Up $16M Rehabilitation of Affordable Chicago Community
The 153-unit property in East Garfield Park first came online in 1996. The current project is part of the city’s $1.3 billion Five-Year Housing Plan.
$200M Mixed-Use Development Coming to Chicago
Ogden Commons will be built on 10 acres on the city’s West Side, bringing hundreds of mixed-income housing units, along with commercial and retail space to the area starting next year.
Tampa-Area Property Sells for $47M
Independence Realty Trust has expanded its portfolio with Lucerne, a 276-unit community located in Brandon, Fla., about 10 miles from downtown Tampa.
Las Vegas Community Secures $55M Refi
The 376-unit rental property developed by Joseph Sorge was completed earlier this year. NorthMarq Capital arranged the loan on behalf of the owner.
Quad Property Group Sells Jacksonville Community
A joint venture between Hyperion Endeavors and Think Multifamily purchased the 113-unit property for more than $7 million, with Arbor Realty Trust providing acquisition financing.
Providence Management Co. Buys Tampa Property
Centennial Holding Co. has sold Century Falls Apartments for $52.8 million. The buyer has rebranded the community as Seasons at Westchase.
Limited Deliveries Prop Up Inland Empire Rent Growth
The industrial sector continues to drive development in the area, bolstering demand for multifamily properties.
Archway Holdings Buys $29M Nashville Portfolio
The seller, Belew Rentals, had purchased the multifamily assets encompassing more than 360 units between 2012 and 2013, for a combined $4.2 million.