Finance & Investment
Three Strikes: Multifamily Growth Slows for Third Consecutive Month
May 2017 marked the third consecutive month of rent growth deceleration and the 13th year-over-year slowdown, although development remains controlled.
CareTrust REIT Buys Skilled Nursing Facilities in NM, TX
The newly constructed properties are leased to affiliates of OnPointe Health LLC, and were acquired from a Texas developer for some $27.3 million.
The June Digital Issue of MHN is Now Available!
This month offers a special focus on student housing, including a review of the latest security tools, an evaluation of debt and equity sources, and some new lease management techniques for the Mobile Age.
Berkadia Closes $12M Hollywood Community Sale
This is the first time the 72-unit property has traded in more than 40 years. Since most units lacked kitchens, the property was challenging to finance by conventional lenders.
Berkadia: Student Housing Pre-leasing Rates Still Robust
According to the company’s recent report, pre-leasing rates across the country were higher than any year since before 2012 as of the end of April.
Greystone, Winterwood Reopen KY Affordable Housing
Following a complex statewide pooled tax-exempt bond transaction totaling $65 million, the companies reopened 18 remodeled affordable housing communities across 14 counties.
Investcorp, TruAmerica Buy $98M Orlando Portfolio
The JV acquired a 708-unit, two-property portfolio and plans an extensive value-add renovation program for both communities.
Affordable Housing Finance Veteran Joins Jonathan Rose
As West Coast director, Kelly Boyer will work with the company’s New York-based acquisitions team, sourcing new investment opportunities on the West Coast, including direct investments and joint ventures, as well as managing operating partner relationships.
Drones, Databases & Deals
Technology offers investors and their advisers a menu of marketing tools that seemed unimaginable just a few years ago. Brokerage firms are upgrading their websites, dispatching drones and employing virtual reality to heighten the drama of their presentations.
On the Market: 5 Interesting Listings for the Week of 5/26
The most recent listings include a retro lime green renovated property in Los Angeles and a Charlotte asset situated on 30 acres.