Finance & Investment
Dune and TDI Form $1B Multifamily JV
Dune Real Estate Partners and TDI Real Estate Holding have formed a joint venture to acquire and develop multifamily assets throughout the United States.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
Lenders Step Back into the Multifamily Sector
All of a sudden, it feels almost like 2006 redux: The financing market is seeing a lot of money and too few deals.
CRE Consultant Predicts Lower CRE Returns until the Mid-10s
The San Francisco-based real estate advisory Wolfback is predicting a slump in U.S. commercial real estate investment returns for the next four years.
LISC Invests $1.1B in Low-Income Community Revitalization in 2010
New York–Last year, the Local Initiatives Support Corporation invested an aggregate $1.1 billion in grants, loans and equity to help give new life to low-income communities.
Boston Capital Invests in Virginia Affordable Housing Development
Stuarts Draft, Va.–Boston Capital Corp. has agreed to become the latest investor in the construction of Montague Terrace Apartments, an affordable multifamily development in Stuarts Draft, Va.
FHLBank Atlanta Pays $8.3M for N.C. Affordable Housing
The Federal Home Loan Bank of Atlanta has awarded $8.3 million to assist in funding 18 affordable housing projects in North Carolina.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
The Federal Debate over Spending Cuts
Preserving the Low-Income Housing Tax Credit is just one of several high-priority issues to watch.
Today’s Three “L”s: Location, Little Leverage and Long-Term View
Alan Hammer, managing member at Brach Eichler, shares what he believes to be the pillars of a solid investment in multifamily.