Finance & Investment
NHPF Leader Shares Affordable Strategies
CEO Richard Burns explores industry trends and what investors should be on the lookout for in the coming year.
PAC Lands 260-Unit KC-Area Community
Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.
Maryland Investor Acquires Atlanta Apartments
Preferred Apartment Communities has secured Aldridge at Town Village, a 300-unit community in Marietta, Ga., that was built in 2016.
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.
Corporate Housing as a Cost-Effective Way to Boost Occupancy
Liudmila Davydiuk, director of business development for furnished apartment provider Churchill Living, explains the financial benefits of and the increasing demand for temporary furnished housing.
Historic Lafayette Park’s First Luxury Community in 40 Years
DuCharme Place is a $45 million multifamily project inspired by architect Mies’ design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit in the early 2000s.
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
Everything but the Kitchen Sink
Government data provides us with telling characteristics of the 21 million apartments in the U.S., but there is much less data available on how apartment residents live in their homes and how those habits affect their energy consumption.
IEC Snags $34M San Diego Property
The company has acquired Verse La Mesa, a 133-unit, value-add multifamily asset in the La Mesa submarket.
Dougherty Mortgage Closes $10M Loan for San Antonio Sale
The company closed a 12-year Fannie Mae financing loan for the acquisition of a 168-unit community located in San Antonio’s North Loop submarket.