Finance & Investment
IMG Expands North Carolina Portfolio with $94M Buy
The firm has expanded its holdings in South Charlotte with the purchase of Whitehall Estates and Stone Ridge Apartments.
JLL Brokers Houston Senior Community Deal
Chris Young, Joey Rippel and Bailey Crowell assisted the seller in the disposition, while Mark Brandenburg and Chad Russell arranged financing for the 384-unit property.
Dunross Capital Expands Georgia Portfolio
The firm purchased two communities located across the street from each other in Decatur, Ga., totaling 486 units.
Fairfield Pays $83M for Long Island Asset
The 271-unit Fairfield Tudor at North Babylon is roughly an hour away from New York City.
Lynd Acquisitions Group Buys 1,059-Unit Texas Portfolio
The deal included three communities located in Austin and Houston and will undergo a total of $20 million in capital improvements.
Champion Buys Los Angeles Student Housing Asset for $14M
The new owner intends to implement capital improvement programs at the 102-bed property.
New Fed Rate Cut Adds Balance to Mixed Outlook
With the central bank lowering its benchmark close to zero, multifamily enters a new late-cycle chapter.
RCP Cos. JV Lands $52M Loan for Alabama OZ Project
Walker & Dunlop arranged the construction financing for a 278-unit multifamily development in Huntsville.
Nitya Capital Pays $36M for Las Vegas Community
The recently renovated, 228-unit community last changed hands in 2018 for $24 million.
Single-Family Rental Homes See Diminishing Returns
The investment class performed well in certain Sunbelt counties but poorly in New York City and California, according to a new report by ATTOM Data Solutions.