News
YOTELPad Miami Ready to Go Vertical
Aria Development Group and AQARAT are the sponsors of the luxury condo-hotel tower, said to be the first East Coast project of its kind. Completion is set for 2021.
West Shore Acquires 230-Unit Kentucky Asset
The 14-building community, located in Lexington, Ky., is the company’s third major acquisition in the Bluegrass State.
Hamilton Zanze Buys DC-Area Community
The real estate investment firm has acquired The Reserve at Ballenger Creek Apartments, a 204-unit asset in Frederick, Md. Mission Rock Residential has taken over property management.
Salt Lake City Multifamily Report – Summer 2019
The metro’s multifamily market continues to be strong, supported by job and population gains. Rents increased 3.0 percent year-over-year through May, 50 basis points above the U.S. growth rate.
On the Front Lines of Military Housing
Tim Toohey, managing director of Corvias Property Management, discusses the challenge of on-base occupancy and how best to meet service members’ housing needs.
Greysteel Arranges West Texas Transaction
Jack Stone, Doug Banerjee and Andrew Hanson from the company’s Dallas office represented the seller and procured the buyer for a 232-unit community in El Paso.
As Lenders Compete, Terms Get Aggressive
An abundance of debt financing has created a market in which seemingly everything is financeable, reports Dekel Capital’s Shlomi Ronen.
Steele Properties Buys Columbus Affordable Community
The firm has expanded its portfolio with the acquisition of a 112-unit property. The asset will receive more than $44,000 per unit in hard cost rehabilitation.
Tampa Bay-Area Community Sells for $13M
Milbrook Properties has sold the 111-unit multifamily property located 3 miles east of downtown Largo, Fla. Franklin Street brokered the transaction and secured the acquisition financing.
Fore Property Opens 5th Portland Community
The five-story building is located in Portland’s historic Mississippi neighborhood, close to major employers including Adidas, Nike, Intel and Oregon Health & Sciences University.