Cities
WNC & Associates Hires New SVP
Ann Caruana will be in charge of the company’s preservation equity funds product line, while also finding, underwriting, negotiating, financing and closing deals.
Health Care, Tech Drive Growth in Indianapolis
The pool of talent coming from local universities, along with a reasonable cost of living and doing business, continues to attract residents and employers to the area, boosting multifamily demand.
Pensam Trades San Antonio Community
Triago Ventures financed the acquisition of the 288-unit multifamily value-add property with a $25 million loan originated by Walker & Dunlop.
Sacramento’s Rent Growth Slows, Job Market Still Shines
Sacramento’s multifamily market continues to gain investor interest, especially for its value-add opportunities, while development maintains its pace, according to a recent report from Yardi Matrix.
Brooklyn Tower Lands $380M Refi
Natixis arranged the loan on behalf of Douglaston Development for Level BK, a 40-story property located along the Williamsburg waterfront. Luxury amenities include an indoor/outdoor pool, a 24-hour business center and a furnished roof deck.
Oak Coast, BMC Investments Expand Denver Portfolio
The $78 million acquisition of St. Moritz Apartments is the sixth purchase the investment team has made together in the market.
On the Market: 5 Interesting Listings for the Week of 8/6
This week’s selection of listings includes a garden-style community in the Phoenix area, a recently renovated Seattle asset and more.
Kidder Mathews Brokers San Diego-Area 1031 Exchange
Multifamily investment brokers Jim Neil, Eric Comer and Merrick Matricardi represented the buyer in the transaction involving a 26-unit apartment building in Clairemont, Calif.
Solid Supply Impacts Occupancy in St. Louis
St. Louis continues to be one of the most affordable markets in the U.S. However, workforce housing is lacking and inventory expansion is placing pressure on occupancy.
CBRE Brokers Houston-Area Community Sale
Senior Vice Presidents Clint Duncan and Matt Phillips represented seller Investors’ Property Services in the disposition of the 576-unit Madison Park Apartments, while Executive Vice President Michael Thompson arranged the financing.