Cities
Capitol Seniors Housing Opens Luxury NJ Community
Arbor Terrace is a $25 million assisted living and memory care project in Mountainside, which Meyer Senior Living Studio designed.
Rent Growth Rebounds in San Francisco
The metro’s average multifamily rent went up 2.7 percent year-over-year through June, to $2,645, while housing affordability dropped to its lowest level since 2008.
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
Sage Management Adds 687 Units in MD
The company paid $113 million for two properties in the D.C. and Baltimore metros. The communities will be owner-managed and will receive amenity improvements and various renovations.
Interra Realty Closes New Chicago Deal
The multifamily property is located in the Edgewater neighborhood and sold for $2.1 million, after having recently been renovated by the seller.
Tampa Asset Commands $31M
Franklin Street arranged the sale of River View Apartments from River View Tampa. The community includes 296 units.
Hunt Real Estate Provides Financing for CO Affordable Project
The firm facilitated a $34.4 million loan for the construction of The Village of Wintergreen, a planned 156-unit property in Keystone, in the Rocky Mountain region.
Dalzell Expands in Philly With $19M Luxury Portfolio
The portfolio comprises recently completed or renovated assets, all located within minutes from Center City’s employment opportunities, shopping, dining and entertainment destinations.
Pricier Than It Used to Be in Atlanta
The metro’s average multifamily rent surpassed the $1,200 mark this year, having gained more than $200 since the summer of 2014.
Suburban Dallas Community Changes Hands
JLL’s Capital Markets team secured acquisition financing for Frontline Holdings, which bought the 334-unit apartment community in Lewisville from InterCapital Group.