As the new year—and decade—kicked off, we delved into how the multifamily market is projected to perform in 2020, what to expect from Freddie Mac originations this year, and what’s ahead for senior housing.
January wasn’t only about outlooks and predictions, but also about big-dollar transactions. After five years of ownership, Round Hill Capital and Blackstone Tactical Opportunities sold its shares of a 4,515-asset portfolio in the Czech Republic for $1.4 billion. And in one of the largest apartment portfolio deals ever in the U.S., Aragon Holdings sold more than 35 properties located in eight states.
Last month, we also checked out the multifamily projects that broke ground in or around January, including the second rental property part of Aventon Crown in Montgomery County, Md., the mixed-use, adaptive reuse Raleigh Iron Works in Raleigh, N.C., the 264-unit Jefferson Sand Lake in Orlando, Fla., as well as the 202-unit Pilsen Gateway in Chicago, situated within an Opportunity Zone.
Toward the end of the month, we attended the National Multifamily Housing Council’s annual meeting, where executives talked about different ways to adapt in the midst of climate change, and investors shared insights on how to go about a shifting market. In addition, experts recommended a prudent strategy in the face of pressure from both perennial issues and new considerations.
Here are MHN’s must-reads for last month: