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Urban Investment Beyond the Core
Kenan Bigby of Trinity Financial sheds light on trends in affordable housing, transit-oriented development and investment opportunities in secondary and tertiary markets.
Habitat Co. Lands $16M Chicago Affordable Housing
The company plans on making substantial renovations to East Park SRO, a 153-unit property in the East Garfield Park neighborhood. Plans include upgraded lighting, mechanical systems, masonry, landscaping and a new roof.
Top 5 Student Housing Communities in Greater Boston
One of the world’s best-known academic hubs, Boston continues to benefit from top-ranked universities. However, the city’s affordability issues are pushing students out of core submarkets to the outskirts of the MSA.
New South Completes GA Senior Communities
The Glen at Lake Oconee in Greensboro is a 118-unit community in a luxury resort, and Thrive at Frederica in St. Simons is a 92-bed facility offering 54,000 square feet of new construction.
Continental Realty Snags $61M Raleigh Community
The NRP Group sold The Edison Lofts, a seven-story, 223-unit property close to the city’s central business district.
NEI Completes Phase II of Boston Redevelopment
The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.
Avanath Acquires Brooklyn Portfolio
The company, in partnership with Oak Tree Management, acquired a 17-building affordable housing portfolio with 198 units for $73 million.
Knoxville Gives It the Old College Try
The metro’s economy has benefited from gains in a number of sectors, pushing investment sales to a new cycle high.
The Inland Empire Expands
Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion.
Jacksonville’s Rapid Growth
A healthy employment climate, an inexpensive cost of living and mild weather are attracting jobs and new residents to Jacksonville, creating demand for apartments and bolstering rent growth.