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GEM Realty Pays $72M for Asheville Community
The recently completed property is located in historic Biltmore Village and includes nearly two dozen affordable units.
High-End, High-Profile Manhattan Tower Tops Out
The joint-venture project of SJP Properties and Mitsui Fudosan America reaches 52 stories, legal challenges notwithstanding.
MG Properties Buys 2 Los Angeles Communities for $140M
The company’s buying spree continues with the acquisition of two properties totaling 397 units in Canoga Park and Northridge, Calif.
NexPoint Acquires 2 Communities for $384M
The multifamily REIT picked up residential properties in the Miami and Nashville metro areas.
National Multifamily Report – Summer 2019
At mid-year, rent growth has stabilized at more than 3 percent and is expected to increase 2.6 percent for the full year, according to Yardi Matrix’s Summer 2019 U.S. Multifamily Outlook.
Related, Hudson Cos. Top Out Affordable Housing Project
The 340-unit building is the first newly built, permanently affordable housing to be developed on New York City’s Roosevelt Island.
Continental Realty Closes $211M Fund
The company’s fifth vehicle, which targets value-add multifamily and retail investments throughout the Mid-Atlantic and Southeast, has acquired a rental property in Raleigh, N.C.
Poll: Rent Control
MHN has a new poll! We want to know how much rent control has affected your business in the last year.
AMLI Report: Most Renters Worry About Climate Change
The company’s annual survey also found that Millennial residents are the most willing to pay for green features.
Freddie Mac Foresees 4 Percent Rent Growth in 2019
The GSE’s midyear outlook finds that the industry is still struggling to build enough multifamily units for a housing-hungry nation, despite elevated construction starts.