Finance & Investment
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.
ArborCrowd Turns to Crowdfunding for San Antonio Asset
The online commercial real estate company and crowdfunding platform is seeking investors for Quarry Station Apartments, an Alamo Heights community formerly known as The Crescent.
URS Capital Snags 2nd Savannah Property
The company acquired Oglethorpe Square Apartments, which was bought through a combination of Fannie Mae financing through Berkadia and 1031 proceeds.
JV Acquires $30M FL Community
ApexOne Investment Partners and Collier Cos. have secured Ocean Oaks Apartments in Volusia County. The circa 1988 property includes 37 buildings and 296 units.
High-Voltage Incentives
The financial and environmental rewards of improving energy efficiency are well known, yet even as upgrades become common practice, it’s fair to say that plenty of untapped opportunities await.