News
Inland Empire Multifamily Report – Summer 2019
Rents in the market increased 4.2 percent year-over-year through April, driven by the area’s historically limited inventory.
HCW to Break Ground on Phoenix-Area Condo Project
UMB Bank provided financing for Valerio at Ocotillo, a lakeside development which is set to bring 32 luxury townhomes to Chandler, Ariz.
Chicago High-Rise Lands $70M Financing
The Fannie Mae loan, provided by Greystone for Maryland-based Foundation Housing, will help keep the 256-unit community affordable for lower-income residents for many years to come.
Equity Residential Makes $165M Boston Sale
ING Group provided LaSalle Investment Management and Jefferson Apartment Group with more than $104 million in acquisition financing for a rental community in the city’s Fenway-Kenmore neighborhood.
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.
Philadelphia Multifamily Report – Summer 2019
Young professionals attracted by the metro’s tech magnet continue to fuel demand for housing.
Cortland Sells Charlotte Community for $107M
Anson at the Lakes, a Class B multifamily asset with nearly 700 units, last changed hands in early 2015 for $60.2 million.
Harbor Group Relaunches Dallas’ Manor House
Following extensive upgrades, the 25-story property has a new look. Covington Hendrix Anderson Architects was in charge of the extensive interior and exterior makeover.
Affordable Age-Restricted Community Opens in DFW Suburb
Bethlehem Baptist Church broke ground on Pioneer Place a little more than a year ago. The 135-unit property serves senior residents in Mansfield, Texas.
Top 5 Markets for Multifamily Occupancy Growth
The best-performing markets ranked by year-over-year occupancy increases through April 2019, based on Yardi Matrix data.