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Top 5 Markets for Multifamily Rent Growth
Here’s a breakdown of the best-performing markets ranked by year-over-year rent increases through March 2019.
Mission Success: CGI’s Cohen Curates Lifestyles for Discerning Renters
This investor says he built his company’s $900 million portfolio by anticipating needs as well as cycles and maintaining a hands-on approach.
Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.
Senior Living Cost Growth Lags Healthcare
The median monthly price of independent living facilities inched up 2.6 percent from 2017 to 2018, while assisted living rose by 2.4 percent, according to data from A Place for Mom.
SPH Expands UK Student Housing Portfolio
The Singapore-based firm, through three wholly-owned subsidiaries, added more than 1,200 beds across three properties in Southampton, Sheffield and Leeds for about $174 million.
$600M Mixed-Use Project Underway in Miami
Adler Group and 13th Floor Investments have joined forces to transform the Douglas Road Metrorail station into a massive transit-oriented development encompassing 1,500 residential units, along with significant office and retail components.
Tennessee Portfolio Changes Hands
Monarch Investment & Management Group purchased the five communities totaling 665 units in Jackson. The previous owner, McDowell Properties, had invested more than $3 million in capital improvements.
$320M San Francisco Project Gets Capital Infusion
Stockbridge Capital Group is reportedly investing $130 million of equity into 1629 Market St., a fully entitled, 420-unit development that will offer a mix of affordable and market-rate.
Origin Investments, Sherman Associates Break Ground on Metro Denver Project
Aspire of Westminster is part of the 105-acre Downtown Westminster master-planned development on the former site of a regional shopping mall.
Top Multifamily Completions in Orlando
The metro added more than 7,600 units to its inventory during the 12 months ending in March, with mixed-use communities with retail components leading the way, according to Yardi Matrix.