Finance & Investment
How WashREIT is Targeting BREEAM Certification: Q&A
Company CFO Steven Riffee details the company’s new sustainability initiative.
Top 5 Northeast Markets for Multifamily Transactions
Investment volume in the region surpassed $3 billion at the end of May, according to Yardi Matrix data.
Orange County Community Lands $255M Refi
Berkadia placed the financing on the property in Newport Beach, Calif., retiring a CMBS loan.
PNC Bank Sells Chicago Affordable Housing for $30M
The new owner will begin renovating the 240-unit community opposite the planned Obama Presidential Center next year.
Las Vegas Property Changes Hands for $41M
TruAmerica Multifamily sold the 170-unit community previously known as The Willows at Spring Valley Ranch.
Seattle-Area Apartments Command $170M
Su Development sold the newly delivered luxury asset in the metro’s largest multifamily deal since January.
New Frontier Buys Chicago-Area Senior Living Asset
The 120-unit affordable community known as Riverwalk commanded close to $9 million.
Tower 16 Sells Phoenix Community for $30M
The buyer will continue capital improvements at the 214-unit asset, following nearly $2 million invested under the previous owner.
Selling MHCs to the People Who Call Them Home
Residents are likely to pay a premium to capture control of the properties that their units occupy.
Las Vegas Community Trades for $24M
The deal marks the first time in three decades the 116-unit asset has changed hands.