Finance & Investment
What’s Impacting 2017’s Investment Landscape
W. Allen Morris, president & CEO of The Allen Morris Co., offers his views on how the new president will impact multifamily, trends to keep an eye on and what’s on his radar for the year and beyond.
Hamilton Zanze Buys Salt Lake City Community
The company plans to upgrade the 256-unit property that it purchased from Peak Capital Partners in an off-market transaction. Mission Rock Residential will manage the property.
Capital One Provides $27M Refi Loan for AL Community
The Birmingham development was completed in May 2016 and was 97 percent occupied upon closing. The three-, four- and five-story buildings comprise 215 units.
Bronx Affordable Property Opens Doors
Gouverneur Place Apartments, a 68-unit development, was constructed through a public-private partnership that included the state of New York and UnitedHealthcare.
Berkadia Finalizes Transactions in NY, FL
The firm secured financing for an affordable 130-unit property, called Tony Mendez Apartments, in Manhattan and two properties, called Fernwood Grove and Poplar Park Terrace, totaling 293 units in Tampa.
Survival of the Retro-Fittest
A growing list of financing options is making it easier to turn existing apartment properties green. Clearly, the real estate financing market is embracing energy-saving property retrofits.
On the Market: 5 Interesting Listings for the Week of 4/17
This week’s listings include a newly renovated and college-adjacent property in Rowland Heights, Calif., and a 28-unit Phoenix community offered for less than $1 million.
Texas, Israeli Investors Snap Up Houston Property
The PPA Group and a private investor have acquired a 236-unit community. PPA plans to renovate the units and upgrade the amenities.
NorCal 410-Unit Portfolio Trades for $52M
Berkadia brokered the sale and secured $38.9 million in financing for six apartment properties in Chico, Calif.
4-State, 2,515-Unit Portfolio Commands $430M
Blackstone acquired six properties in Texas, Florida, Kansas and Illinois from The Realty Associates Fund IX, part of TA Realty’s flagship fund series.