News
Queens Multifamily Report – Summer 2019
The borough’s rents increased just 0.6 percent year-over-year through April, partially due to New York City’s pressing affordability issues and regulatory uncertainty.
Metro Atlanta Community Commands $19M
An affiliate of The Beach Co. acquired the 156-unit multifamily asset in Austell. The new owner will continue the interior unit upgrades started by the seller, Arcan Capital.
Philadelphia-Area Property Lands New Owner
HFF arranged the sale of Riverwalk at Millennium in Conshohocken, Pa., to Relative Properties and secured Freddie Mac financing for the buyer.
Affordable Community Breaks Ground Near UMass Amherst
Fountain Residential Partners and HC2 Capital are developing the 150-unit property in Sunderland, Mass., which will include 38 homes for lower-income residents. The project is located just north of the UMass Amherst campus.
Wood Partners Scores Higher on Kingsley Resident Surveys with ButterflyMX
Wood Partners’ properties that have ButterflyMX installed consistently score higher on Kingsley Resident Surveys. Read more about Wood Partners and ButterflyMX.
American Landmark, RSE Capital Snag $247M Portfolio
The partnership acquired a total of 1,848 residential units across the Dallas-Fort Worth and Nashville metro areas in an off-market deal.
Suburban Chicago Community Receives $33M Refi
The loan will help stabilize Apex 41, a luxury community in Lombard, Ill. GlenStar Properties completed the 181-unit asset two years ago.
OpenPath Investments Acquires 250-Unit Dallas Community
The new owner intends to invest in improvements at the 2000-built Greens of Hickory Trail. Income restrictions at the 250-unit community will phase out by 2021.
Preparing for the Next Generation: A Look at Gen Z
Generation Z is about to flood the apartment market, so it’s important to be aware of its general attributes and preferences, explained Kate Good on a panel at NAA’s Apartmentalize in Denver.
The Annex Group Begins Work on Affordable Development in Indiana
Together with T&H Investment Properties, the company broke ground on Union at Washington, a 51-unit community reserved for low-income residents in Kokomo.