Finance & Investment
Young Adults Stay Home, Weighing on Apartment Demand
As of September, 25 million people aged 18 to 34 were living with their parents, helping drive up multifamily vacancies in downtown areas.
CRG Launches $1B Development Strategy
The company will start by building a 242-unit workforce housing community in Fort Worth, Texas.
Single-Family Rentals: An Opportunity ‘Hidden in Plain Sight’
Pretium’s Dana Hamilton on the accelerated demand for single-family rental homes, a trend that’s being fueled by increased interest in suburbs.
Hudson Capital Sells Raleigh-Area Community for $58M
The 288-unit Class A community in Cary last sold for nearly $47 million in 2017.
Greystar Acquires Atlanta Property from RADCO Cos.
The sale of the recently renovated 318-unit apartment asset continues a series of deals between the two firms.
CIM Group Completes Oakland Project
The new property includes 288 units and 4,000 square feet of retail space in the city’s downtown.
Hines to Begin Phoenix Luxury Community
The firm closed on financing from the Alliance Bank of Arizona for the 325-unit development.
Lennar Sells Nashville Luxury Community for $86M
The 321-unit Class A community delivered in 2017, backed by a $35.6 million construction loan.
JV Lands $53M for Orlando Luxury Project
Berkadia provided the HUD financing for the development of the 260-unit community.
The Ingerman Group Sells Delaware Affordable Asset
The company cashed in almost $20 million for the 132-unit property in Dover.