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Brooklyn Multifamily Report – Winter 2019
The borough’s stock expansion reached a new cycle peak in 2018, with most of the new supply geared toward high-income residents.
JV Secures Construction Loan for Charlotte Development
A Walker & Dunlop team arranged the financing for Mosby University City, a 309-unit community developed by Middleburg and The Mattoni Group.
Phoenix Community Sells for $52M
Wood Partners sold the transit-oriented community to FSC Realty in a transaction brokered by Institutional Property Advisors.
Manhattan Multifamily Report – Winter 2019
Apartment demand remains high across the borough, where more than 3,700 units came online in 2018, representing 1.1 percent of total inventory.
Peak Campus to Manage 430-Bed Chicago Student Housing
The Buckingham serves students at the University of Illinois – Chicago and is also within a mile of 20 other schools.
Miami Condo Project Gets $21M Construction Loan
Trez Forman Capital is extending more financing to Arbor Coconut Grove, a 48-unit property being developed in the upscale Coconut Grove neighborhood.
Freddie Mac Names New CEO
David Brickman, the GSE’s president, will succeed retiring CEO Donald Layton on July 1 and join the board of directors. Last September, the agency announced it would conduct a search that included Brickman.
Phoenix Multifamily Report – Winter 2019
Attracted by the market’s strong fundamentals, investors closed a whopping $5.9 billion in multifamily sales in 2018, while developers also marked a high point with the delivery of 8,162 units.
Pollack Shores Launches Opportunity Zone Initiative
The multifamily developer and investment firm already has two projects underway in Atlanta and Charleston, S.C., with several more on the way across the Sun Belt.
Atlanta Multifamily Report – Winter 2019
Solid population growth and a strong economy continued to boost Atlanta’s rental market, with the city ranking third for rent growth among major U.S. metros last year.