Finance & Investment
CUCS Opens $40M Supportive Housing in the Bronx
The newly constructed building provides 107 homes and on-site support services to homeless and low-income individuals and families, including people with complex psychiatric and medical needs.
Orlando Apartment Community Changes Hands for $32M
The company acquired and renamed The Park at Sutton Place, and plans to invest significant capital in interior and exterior renovations.
FortCap Partners Acquires 198-Unit Community
With the purchase of Gables Court Apartments, the company’s Atlanta multifamily portfolio now totals 567 units.
TruAmerica on the Benefits of a Value-Add Strategy
MHN spoke with founder Bob Hart about his company’s unique investment strategy and what’s contributed to its significant growth as it comes up on its three-year anniversary.
Optimism Abounds at REIT Week
Self-storage and apartments are leading the way in terms of income growth, but virtually all property segments are going strong by historical standards.
CA Residential, Habitat Co. Form Multifamily Partnership
The Chicago-based firms will pursue co-development and investment deal in various markets nationwide, targeting properties between $40 million and $120 million.
New Owner Plans $5M Renovation of Lake Vista Apartments
The 480-unit community in Miramar will feature two additional pools and upgraded interior finishes, all part of the multi-million dollar renovation project.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
HFF Secures Financing for Montclair Terrace Apartments
There is the opportunity to position the asset as an affordable property.
Orlando Apartments Sell for $92M
Preferred Apartment Communities bought the community from Altamonte Springs-based Cambridge Management Services.