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What’s in Biden’s $1.9T Relief Bill for Multifamily
The president is proposing more federal rent relief, expanded unemployment benefits and a new round of stimulus checks.
Berkadia Acquires Apartment Brokerage Moran & Co.
Veteran dealmaker Mary Ann King will head up Berkadia’s new platform and help oversee the integration of Moran’s 31-member team.
Urban Catalyst Closes $131M OZ Fund
The funds will go towards seven projects in San Jose, Calif., which are expected to start construction in 2021 and 2022.
Pretium, Ares Close $2.5B Acquisition of Front Yard Residential
The deal makes Pretium the second-largest owner and operator of single-family rentals in the U.S. and is the SFR industry’s first public-to-private transaction.
Aegis Living, Blue Moon Acquire $350M in Senior Housing
The firms predict a resurgence in demand for assisted living and memory care facilities after the sharp occupancy declines of last year.
Seattle Project Showcases Mass Timber’s Strengths
The Wolff Co. and Katerra harnessed innovative cross-laminated timber solutions for The Postmark, a recently completed 243-unit community.
Canadian JV to Pay $293M for Vancouver Portfolio
A partnership of InterRent REIT and Crestpoint Real Estate Investments is set to acquire 15 multifamily communities.
January Rent Collections Hit 77%: NMHC
The latest figures come on the heels of recent federal relief measures including stimulus checks, emergency rent relief and an extension of the CDC’s eviction moratorium.
MZ Capital Begins Pre-Leasing Suburban Chicago Community
The 112-unit property in Naperville, Ill., is expected to welcome residents in April.
Amazon Unveils $2B Affordable Housing Fund
The e-commerce giant joins Facebook, Google and Microsoft in pledging big dollars to apartments for moderate- and low-income renters.