Finance & Investment
Rental Housing Sector Worth $8T: Berkshire Group
According to the company’s newest report, the sector is larger than office, industrial and retail combined, with multifamily accounting for $2 trillion of that total.
AndMark Increases AR Footprint
Trinity Multifamily will handle management of the company’s latest acquisitions, three apartment communities totaling more than 200 units across the state.
Bell Partners Snaps Up SoCal TOD for $123M
Avaire South Bay, a 264-unit community that has been renamed Bell South Bay, includes a yoga studio, cyber cafe, game lounge and bike room.
Lincoln Ventures to Develop 236-Bed TX Community
The ADC loan for the 66-unit Austin student housing property, slated to open in 2019, marks the second financing deal closed by Highland Realty Capital and WPC Realty on behalf of the company in the past months.
CBRE Arranges $57M Financing for 837-Unit Portfolio
Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office worked on behalf of Strata Equity Group, which purchased three properties in North Carolina, South Carolina and Kentucky.
Boston Conversion Project Lands $160M in Financing
The Archer Residences at Beacon Hill is a redevelopment project of the former Suffolk University Law School buildings, set to bring 70 luxury condominiums to the Beacon Hill neighborhood.
Investment Opportunity Predictions
Joel Altman, founder & chairman of The Altman Cos. in Boca Raton, Fla., discusses the most important thing investors should be aware of.
San Diego Senior Housing Lands $82M Refi
Fannie Mae has provided its first Green Rewards loan for Paradise Village, a 394-unit Class A community in National City, Calif.
Hunt Mortgage Group Refinances NJ Quintet
The company furnished $15.2 million for Freddie Mac Small Balance Loans. Proceeds will be used to continue to improve the properties, as well as finance future acquisitions.
360-Unit Luxury Development Breaks Ground in DC Area
The Sur in Arlington, Va., will comprise 360 high-end apartments, 16,000 square feet of retail and several shared amenities.