News
Presidium Group Sells 360-Unit San Antonio Community
Wells Fargo provided the new owner with a $25.6 million Freddie Mac loan set to mature in 2029. As of June, Axio Apartments was 91.1 percent occupied.
Millennial Money Goes Furthest in These Cities
St. Louis and Austin come out on top for relative spending power, according to a new study by JLL that looks at incomes for young workers across nearly 50 cities.
Landmark Properties to Invest $1B in Student Housing Developments
The company announced plans to build seven new communities totaling more than 4,450 beds across the country. Four of the properties have already broken ground.
TruAmerica Pays $77M for Phoenix Apartments
The multifamily investment firm increased its Arizona presence with the purchase of a 520-unit apartment community that it plans to renovate.
Taurus Investment Holdings Buys Midtown Atlanta Property
251 North Apartments sold for $36.5 million and is within a short walk of Ponce City Market. This purchase brings the firm’s portfolio to a total of 2,930 units.
SWBC Acquires Value-Add Asset in West Austin
SWBC plans to further upgrade the rental units and bring the garden-style community up to current standards for high-end assets.
Related Group’s Jon Paul Perez Talks New Projects, Markets
Related Group’s Vice President discusses recent and upcoming projects, as well as the company’s strategy to address Miami’s demand for smaller units and the metro’s affordable housing shortage.
Top 5 Markets for Multifamily Deliveries
A breakdown of the country’s best-performing markets over the first two quarters, ranked by completions as a percentage of total rental inventory.
Senior, Disabled Community in Boston Area Scores $10M Loan
The owners refinanced Peter Sanborn Place through a MassHousing loan and intend to implement an improvement program.
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.