News
4 Tips on Data Privacy for Multifamily Operators
Protecting residents’ data is a top priority for owners. Experts at NMHC’s OPTECH conference break down how to keep communities safe.
LivCor Pays $43M for Phoenix Asset
The buyer of the 240-unit property assumed the remaining balance of a $20 million financing package taken by the seller in mid-2016.
Optimus Properties Lands Refi for 3 Seattle-Area Assets
Greystone and Umpqua Bank provided the non-recourse, fixed-rate loans for the communities.
Dallas-Fort Worth Community Changes Hands
Marcus & Millichap arranged the sale of a vintage residential property. The new owners plan to continue the existing interior renovations plan.
Berkadia Secures $20M Acquisition Financing
The company’s Charles Foschini and Christopher Apone arranged the loan on behalf of the buyer, West Shore LLC, for the 204-unit purchase in Columbia, S.C.
Phase 1 of $300M Bronx Development Begins
More than 180 units will be built in the initial phase of the Peninsula, a five-building development on the former site of a juvenile detention facility.
Magma Equities Buys Value-Add Asset in Raleigh
The multifamily investment firm scooped up a 199-unit community neighboring North Carolina State University.
Class B Tampa Community Trades for $37M
The partnership buying the asset assumed a $21.4 million Freddie Mac loan from the seller of the 356-unit community.
Scion Student Communities Adds MUZE to Its Portfolio
MUZE was completed in August and is located in the capital’s West Campus neighborhood.
Austin Multifamily Report – Fall 2019
The metro’s strong economic performance and demographic expansion are the main drivers of the multifamily market’s sustained growth.