News
Seattle Multifamily Report – Summer 2019
There were more than 21,500 multifamily units under construction as of June, with 8,131 expected to come online by December.
Top 10 Multifamily Transactions in the South
Through July, a single market accounted for one third of the region’s investment sales volume, according to Yardi Matrix data.
Bascom Group Scores $235M Refi
The refinancing is for an 11-property multifamily portfolio spread across five states.
Albuquerque Community Changes Hands
Cooper Street Capital financed the acquisition of the 154-unit Lexington Place with a $7.9 million, 5-year acquisition loan from Washington Federal.
Northern New Jersey Project Lands Financing
JLL arranged the construction loan for the 220-unit, Class A community in Englewood, across the Hudson River from Manhattan.
Thriving Texas Suburb Attracts American Landmark
Completed in 2018, Four Corners Apartments is an upscale community in Frisco, some 30 miles north of Dallas.
Austin Multifamily Report – Summer 2019
Multifamily rent growth in Texas’ capital is among the highest in the country, up 4.9 percent year-over-year through June to $1,401, only $64 below the U.S. average.
Frankforter Group Buys Tampa-Area Asset for $59M
Cortland sold the 448-unit community in Lutz, Fla., after six years of ownership. The buyer plans more capital improvements to the 1986-vintage property.
GEM Realty Pays $72M for Asheville Community
The recently completed property is located in historic Biltmore Village and includes nearly two dozen affordable units.
Cedar Grove Capital Buys North Carolina Community
Greystone provided the buyer with $13.2 million in Freddie Mac financing for the 144-unit multifamily asset.