Finance & Investment
Gellar Associates Acquires Baltimore Asset
The buyer, Geller Associates, opted to finance the acquisition under Fannie Mae’s Green Rewards program and will implement energy and water saving measures.
NMHC’s 2019 Apartment Strategies Outlook Conference Coverage
From sessions ranging from an economic outlook and market expectations, to investor obstacles, the conference covered an array of subjects that outline the multifamily market’s future.
Lion Real Estate Expands Nashville Footprint
The acquisition, valued at more than $13 million, adds 160 units to the firm’s portfolio. The community last changed hands in 1990.
Goldman Sachs Affiliate Acquires Portland-Area Asset
The 240-unit community located in Camas, Wash., marks Goldman Sachs Asset Management Private Real Estate’s 23rd multifamily investment in the U.S.
In Case You Missed It: MHN’s Top 5 Posts in January
Miss any of our articles? Catch up with five of our most popular posts for the month.
MD Apartments Change Hands in $87M Deal
The Donaldson Group partnered with Declaration Capital and a fund managed by DRA Advisors to acquire a 592-unit garden-style community in Silver Spring, with plans to renovate the asset in the year ahead.
The Walden Group Pays $107M for Southern Portfolio
The 18-property, 1,858-unit portfolio of apartment communities is spread throughout six states. Several of the properties were acquired through proceeds from 1031 exchanges.
Phoenix Community Commands $62M
Kasten Long Commercial Group’s Linda Fritz-Salazar and Scott Trevey brokered the transaction in which Green Leaf Partners purchased a 306-unit asset from Evergreen Development.
2019 Economic and Investor Forecast
At the National Multifamily Housing Council’s 2019 Apartment Strategies Outlook Conference in San Diego, panelists discussed their outlook for the market based on last year’s performance.
29th Street Capital Buys 2 Properties in Las Vegas
The company acquired properties in two of the most sought-after Las Vegas submarkets and plans to spend $1.8 million in capital improvements on one of the assets.