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Western National, Banner Oak Capital Launch Multifamily JV
The new partners plan to invest in multifamily projects throughout California’s major markets through acquisition and ground-up development projects.
American Landmark Buys $311M Texas Portfolio
The company added six properties located in the Austin, Dallas, Houston and San Antonio metro areas to its rapidly growing platform, which gained more than 10,000 units last year.
Invesco Sells Philadelphia High-Rise in $30M Deal
HFF facilitated the sale of the 15-story historic apartment building to a joint venture between The Carlyle Group and Alterra Property Group.
Hello Living Lands $32M Refi for Brooklyn Project
Madison Realty Capital and Bluestone Group provided the financing for the developer’s 15-story, 55-unit luxury rental project in Prospect Lefferts Gardens.
Top 10 Apartment Owners in Columbus
The metro region’s multifamily owners are focused on investing in the capital city itself, though that may change.
NYC Public Housing Could Hit Breaking Point by 2027
The New York Building Congress estimates that, in less than a decade, the cost of repairing the city’s aging public housing properties will exceed replacement cost.
$79M Mixed-Use Project Coming to Suburban Denver
A joint venture of Northstar Commercial Partners, Milender White and Canyon Partners Real Estate will break ground this month on a 216-unit community in Aurora, Colo. The development will also include 36,000 square feet of retail.
Deep Dive into Canada’s Multifamily Operations
Greenwin Inc.’s Lucy Gouveia shares the recipe for successful property management operations and touches on the risks looming in Canada’s undersupplied markets.
Senior Housing Demand Outpaces New Supply
The first quarter saw net absorption of 2,934 units across 31 markets, slightly outstripping inventory growth by 294 units, according to the National Investment Center for Seniors Housing & Care.
Meridian Lands $139M Loan for Upscale Manhattan Project
Luxury residential developer Anbau will use the financing to build a two-tower, 48-unit condo property in the Flatiron District.