Finance & Investment
East Hollywood Community Traded in 1031 Exchange
The rapidly gentrifying submarket determined the hefty price per unit and low cap rate.
CBRE Assists Hines in Luxury Multifamily Deal
AVR Realty bought @1377, a two-year-old community in metro Atlanta.
Rock Apartment Advisors Closes $40M in Sales in AL
The brokerage firm facilitated the sale of two multifamily properties that marked the first acquisitions for the buyers in Huntsville and Auburn, Ala.
Refinancing Of Seven CA Communities Generates $15M
Universe Holdings’ properties include 559 units, with a gross value of $124.8 million.
CPP to Rehab San Jose Affordable Community
The company recently closed a $25 million deal that will provide some relief to the area’s affordability issue.
L5 Investments Makes $23M Debut in Richmond
The multifamily investment firm and its partner have made its first acquisition in Virginia, with plans to complete a more than $2.6 million renovation of the property.
Walker & Dunlop Secures $672M for Student Housing Acquisition
The company arranged the financing through Fannie Mae’s Credit Facility execution, an efficient loan structure available for large transactions backed by a number of real estate assets.
Luxury Student Housing Asset Changes Hands Near TSU
The new owner plans to boost the value of the student housing community by investing $2 million in renovations.
U.S. Rent Growth Strong Amid Brexit Concerns
Yardi Matrix’s monthly report analyzes the future impact of Brexit as well as continually strong rent growth in the United States.
Jonathan Rose JV Preserves 340-Unit Affordable Community
The group acquired a 32-building affordable community for $39 million, with plans for a major renovation.