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Sacramento Multifamily Report – Spring 2019
Limited housing supply and growing demographics continue to put pressure on the metro’s apartment market. Rents rose by 4.6 percent year-over-year through March, well above the national average.
Ventas to Acquire $1.8B Canadian Senior Housing Portfolio
In a partnership with Le Groupe Maurice, the company has signed an agreement to acquire 28 communities totaling nearly 8,000 units across the province of Quebec.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
More Americans Struggle with Rent as Land Prices Skyrocket
A new report by Berkadia finds that the proportion of rent-burdened households rose 9 percent from 1997 to 2017, as the nation’s housing woes spread out from the big cities.
Columbus Multifamily Report – Spring 2019
Despite a tightening labor market, the metro’s multifamily sector continues to perform well, with 2.9 percent year-over-year rent growth, slightly below the U.S. average as of March.
Senior Housing Demand to Surge Over Next 5 Years
Market forces, demographic changes and an expanding senior population will radically shift the senior housing industry over the next several years, according to a report from Marcus & Millichap.
Tampa Multifamily Report – Spring 2019
With its friendly business environment and good quality of life, the metro continues to attract residents and companies alike, boosting demand for housing.
Colorado Portfolio Sells for $207M
Inland Private Capital Corp. sold the three properties totaling 855 units on behalf of an IRS Section 1031 investment program, bringing liquidity to more than 240 investors.
Richmond Multifamily Report – Spring 2019
The metro’s apartment market remained unfazed by last year’s modest employment gains and rents were up 3.4 percent year-over-year as of March, above the national average.
Bentall Kennedy Buys $110M Denver Community
The company acquired the LEED Gold-certified, 338-unit asset on behalf of its U.S. core fund, as the city’s economic growth drives a robust multifamily market.