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Buchanan Acquires $60M CO Property
The firm purchased the 240-unit Luna Bella in the Denver submarket of Lafayette. ARA Newmark represented the seller, Milestone Apartment Developers, in the transaction.
MG Properties Grabs $98M OR Apartments
The company acquired the 340-unit Thorncroft Farms Apartments in Hillsboro and plans to make upgrades to the property.
Umbrella Properties Snags $53M Phoenix Community
CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.
Developer Secures $234M for LA Portfolio
G.H. Palmer has obtained cash-out refinancing for Medici and Orsini I, both luxury assets located downtown.
Is Safety a Priority?
MHN and Kingsley Associates asked renters what they think of the security measures at their communities, and what could be done to improve them.
Supply Moderates Rent Growth in Nashville
The lack of affordable units and record deliveries are dampening growth, although healthy fundamentals and the potential for economic improvement are drawing developers and investors alike.
Strength of the Inland Empire
Rents continue to grow at a solid rate, thanks to steady job gains as the region’s economic cornerstone, the industrial sector, is surging.
Kennedy Wilson Snags 2 in Salt Lake City for $93M
The firm is planning on initiating its value-add asset management plan on both properties, Santa Fe in Cottonwood Heights and Creekview in Midvale, investing $5.3 million.
Orlando Closes the Year in Style
As population gains further bolster demand, multifamily rents are prone to above-trend growth in the foreseeable future.
Top 10 St. Louis Apartment Owners
Several local investors have emerged as the city’s top community buyers, due to the city’s emerging startup scene and business-friendly environment.