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Economic Growth Sustains Demand in Raleigh
With 7,400 multifamily units underway, the metro’s 2018 deliveries are likely to exceed last year’s and generate moderate rent growth, as well.
Hunt Provides $120M Loan for Bronx Affordable Housing
More than 1,000 units of public housing in the neighborhood of Mott Haven will get needed repairs through the federal Rental Assistance Demonstration program, but remain affordable to residents.
JPI Sells 371-Unit Luxury Community in Texas
Completed in 2017, Jefferson Riverside is the company’s latest development in Las Colinas. IPA brokered the sale of the property.
Greystone Secures $32M Refi for IN Community
The 304-unit pet-friendly residence is situated close to Metropolis Mall and to other various shopping, dining and entertainment venues.
Atlanta Apartments Command $31M
Berkadia represented Aspen Square Management in the sale of West Eleven Apartments, a 224-unit property located in the city’s Sandtown neighborhood.
Rental Demand Eclipses Supply in San Diego
Demand for apartments is rising in the city, where employment and population gains—along with a high barrier to homeownership—sustain rent growth.
Demand Keeps Up With Surging Supply in Tampa
A tax-friendly environment and a high quality of life continue to attract new residents and businesses to the metro, maintaining multifamily rent growth above the U.S. average.
Greystone Arranges $92M for PA Acquisition
The firm worked on behalf of a private buyer to secure the Freddie Mac loan for the acquisition of Lincoln Green, a 636-unit property in Philadelphia.
Passco Pays $63M for FL Property
The rental community is situated within the Crestview-Fort Walton Beach-Destin MSA, a market with growing demand for high-end apartments.
Investcorp Acquires $311M Multifamily Portfolio
The properties, totaling 2,876 units, include three communities in Houston, two in Tampa, Fla., and one in Salt Lake City.