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Indianapolis Multifamily Report – Spring 2019
Apartment demand remained relatively healthy in the metro, with year-over-year rent growth at 3.2 percent as of March—on par with the U.S. average.
Houston Multifamily Report – Spring 2019
Years of robust development are raising concerns about overbuilding, with occupancy in stabilized properties down 140 basis points year-over-year as of February.
Advenir Secures $191M for Three-State Portfolio
The investment firm acquired six residential communities totaling 1,843 units in Alabama, Colorado and Texas. HFF arranged the financing in the deal.
Starlight Adds $80M Arizona Community to Portfolio
The investment firm’s U.S. multifamily vehicle acquired the 282-unit luxury property in the city of Scottsdale from Sunridge Apartments, adding to its network of recently completed assets in Southern metro areas.
MD Project Lands $75M Construction Loan
Calvin Cafritz Enterprises obtained the financing to develop the Residences at Riverdale Park Station, a 229-unit property within a larger mixed-use community in Riverdale Park, outside of Washington, D.C.
Puerto Rico Mixed-Income Community Breaks Ground
Construction has begun on the Jose Gautier Benitez development in Caguas, a 438-unit residential development on the site of a former housing project.
Finfrock Breaks Ground on $50M Florida Residence Hall
The 700-bed property at Florida A&M University will cover 182,000 square feet. The U.S. Department of Education is backing the project in Tallahassee via a large loan.
STAR Real Estate Ventures Lands $323M Refi for 13-Property Portfolio
Berkadia arranged a 7-year, fixed-rate loan for each property in the portfolio, which totals nearly 4,000 units across seven states throughout the Southeast and Midwest.
JV Closes on $228M Community Near Amazon HQ2
Polinger Development Co. and a partner have acquired Meridian at Pentagon City, a 534-unit property in Arlington, Va.
Jersey City Project Advances College-Anchored Redevelopment
The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments started construction on the 199-unit apartment building, which is part of a mixed-use college town redevelopment adjacent to New Jersey City University.