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Walker & Dunlop Closes $1.9B Acquisition for Greystar
The company financed Greystar’s acquisition of Monogram Residential Trust, including 36 distinct loans on properties throughout the U.S. This represents the largest financing in Walker & Dunlop history.
Provident Realty Lands $122M for Historic Houston Mixed-Use
HFF secured a floating-rate bridge loan through TPG RE Finance Trust. The financing will be used for redeveloping The Star, which will feature 286 units.
JV Secures $130M Senior Loan for Minneapolis Condos
Provident Real Estate Ventures and Shamrock Properties Inc. will develop The Legacy, a 374‐unit property that will include an eight‐story podium with a 14‐story and a 17‐story tower, along with three levels of subterranean parking.
Southern Land to Develop TX Mixed-Use
Morada Plano will comprise 183 units and 12,700 square feet of restaurant and retail space across two five-story buildings. Construction is scheduled for completion in 2018.
New Supply Keeps Rent Growth Tepid in Baltimore
Spearheaded by the revival of its core and by the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.
Arrimus Snags FL Student Housing
The company made its second purchase from Parkland Development Corp. this year with the Forum at Tallahassee, a 264-unit community serving Florida State University students.
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city’s multifamily market keep its head above water.
Hurricane Harvey’s Multifamily Impact
Industry experts weigh in on what the effects of the storm mean for Houston, its residents and the market as a whole.
All Eyes on Core in Cleveland
The city’s market is growing slowly, particularly in submarkets outside the urban core that still face difficulties stemming from the last downturn.
Miller-Valentine Unveils Beckett Farms in SC
The 280-unit luxury property in Fort Mill features a farmhouse aesthetic and offers amenities including a salt-water mineral pool, fire pit with grilling stations and private cabanas.