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Austin Condo Project Scores $88M Loan
Pearlstone Partners and Newgard Development Group will use the construction financing to break ground on the 249-unit property in the city’s Rainey Street District by the end of June.
ULI Sees “Attainable Housing” Crunch for Middle Class
In a finding with far-reaching implications for the multifamily sector, ULI reports that modestly priced, new for-sale homes have nearly disappeared in most areas of the country, leaving middle-income Americans in the lurch.
Midwestern Markets Offer Best Risk-Adjusted Returns
Cities in Ohio and Texas dominated Compound Asset Management’s top-10 list of the most attractive metro areas as residential investment targets. California accounted for the four worst.
NYC Mixed-Use Project Breaks Ground
A trio of developers are behind a 19-story building that will offer more than 400 mixed-income apartments in the East Harlem neighborhood.
The May Digital Issue of MHN Is Now Available!
Now you can get trend and strategy insights two different ways: Leaf through the Multi-Housing News digital digest for a quick read, or click on individual articles for an in-depth look at each of the topics that most interest you.
NYC Looks to Co-Living for Shared Housing Template
ShareNYC is a pilot program designed to bring a new and much-needed apartment type to the city’s affordable stock.
Wood Partners Breaks Ground on Fort Worth Community
The multifamily developer is building the 285-unit Alta Champions Circle nearby an 18-hole championship golf course.
San Diego Community Gets $145M in Financing
Sunroad Enterprises secured the loan for Centrum Apartments Phase 6, a 442-unit residential building and the final phase in the Sunroad Centrum master plan.
Fannie Mae: One-Third of Americans Can’t Find Affordable Housing Near Work
In a poll conducted by research firm Penn Schoen Berland for the government-sponsored enterprise, most Americans reported that they struggled to find affordable housing options in areas they desired.
Senior Housing Affordability Crisis Looms
A new report by the National Investment Center for Seniors Housing & Care finds that 54 percent of middle-income elderly won’t be able to pay for assisted living and out-of-pocket medical costs by 2029.