Finance & Investment
Berkadia Facilitates Affordable Community Sale in Miami
The company arranged the $14 million sale as well as an $11.3 million acquisition loan.
Presidium Acquires Two Communities in Northwest San Antonio
Both multifamily assets present value-add opportunities.
Electra America, Robbins Property Associates Seal Merger
The new entity owns and operates a large multifamily portfolio, totaling some 20,000 apartment units in 66 properties.
What’s Next for Multifamily: Q&A with Kevin Finkel of Resource Real Estate
The executive vice president talks trends and fundamentals as 2016 comes to a close.
Matrix Monthly: October Rents Moderate
October’s rent growth numbers marked the biggest drop in three years, but a new report from Yardi Matrix states that the recent deceleration is no cause for concern.
Even Dozen: RADCO’s San Antonio Purchase Its 12th This Year
RADCO intends to spend as much as $2.9 million on capital improvements to modernize and update the property.
Van Nuys Apartments Trade for Record $33M
That price reflects a price per unit of $336,735, a record for the Van Nuys area—a neighborhood in the San Fernando Valley region of Los Angeles.
First Urban Town Center Development Breaks Ground in Leland, NC
The $32 million development will include a 309-unit community and 30,000 square feet of retail space.
Luxury Student Housing Project in Allendale Gets $21M Loan
Leasing is already open for the two- and four-bedroom units available in the fall of 2017.
Praedium Group Acquires $43M Georgia Property
The new construction, located in an Atlanta submarket, features 272 units.